edly, a NYC-based income share agreement (ISA) marketplace, closed a seed financing round of undisclosed amount.
The round was led by Mistral Venture Partners.
The company intends to use the funds to expand market development and continue innovating in education finance.
Led by CEO and co-founder Chris Ricciardi, edly provides a marketplace connecting accredited ISA investors with ISA issuers such as colleges, skills academies and vocational schools. It offers liquidity to schools through its capital market of accredited ISA investors. Listed programs include millions of dollars of ISAs from issuers such as Holberton School in San Francisco, V School and Bottega.
Pending listings include Sabio, Advanced Welding School and American Diesel Training Centers.