AdmitHub, a Boston, MA-based AI-powered edtech startup, raised $2.95m in seed funding.
The round was co-led by Relay Ventures and Reach Capital, with participation from University Ventures and others.
The company intends to use the funds to grow its team of AI engineers and build out its sales team, with the goal of expanding its technology platform and scaling its reach to more colleges in the US and abroad.
Founded in 2014 by Andrew Magliozzi, CEO, AdmitHub has developed a conversational AI platform used by colleges to support students with 24/7 engagement and expert advising. Its virtual assistants reach students via chat, students receive reminders, guidance, and answers to questions via text message or Facebook Messenger.
The company already has a diverse group of college partners from large public universities like Georgia State University, West Texas A&M University, and Bowling Green State University, to small liberal arts colleges like Allegheny College and The Cooper Union focusing on recruiting prospects, yielding admits, and retaining enrolled students.
FinSMEs
11/01/2017