Edmit, a Boston, MA-based college price comparison and bidding platform, raised $855k in pre-seed funding.
Backers included Bessemer Venture Partners’ 15 Angels Fund, Rethink Education Seed Fund, Neu VC, Bill Triant, Wan Li Zhu, Anthony Accardi, Shereen Shermak, Rob Biederman, Tuscan Management, Tom McCleary, Daniel Jacobson, Claire Vo Lawless, Dennis Yang, Peter Temes, Josh King, Tyler Willis, Eric Falcao, Jeff Shaddix, and Matt Lyons.
The company intends to use the funds to continue to develop the platform to cover every four-year college in the U.S. and to accelerate the release of its public beta.
Led by Nick Ducoff, Co-founder and CEO, Edmit provides students with price and value transparency about colleges. Students can build their profile providing basic information about their personal and academic background, see their personal net tuition estimate (including aid, scholarships, and discounts), and connect directly with top choice colleges, with the tools to secure a better price.