AirTree Ventures

Press Release – Edrolo Announces $2.6m in funding led by AirTree Ventures

Edrolo Announces $2.6m in funding led by AirTree Ventures to bring

Data-Driven Education into every classroom.

A $2.6m funding round led by AirTree Ventures and Blackbird Ventures, with support from Jungle Ventures, Roger Allen, and others will be used to develop Edrolo’s vision of personalising high school education by partnering with master teachers allowing them to reach not one, but hundreds of classrooms.

Edrolo (www.edrolo.com.au & www.edrolo.com) is the creator of the next-generation educational resources providing interactive online video courses and online exam emulation for VCE, HSC, and SAT students. Produced in partnership with master teachers, Edrolo’s resource is used by 20,000 students and teachers across 120 schools in Victoria and NSW.

The latest $2.6m funding round, led by AirTree Ventures, will be used to expand its content library across subject and year level coverage, scale the number of schools using its products and further develop its product suite. The latest round brings total capital raised since 2013 to $4 million.

This funding will allow Edrolo to continue to fundamentally change best practice in education by using data-driven approaches to serve meaningful learning insights to teachers and put the power of how and what we’re learning in the hands of the student.

“Our mission has been to improve education by driving personalised learning outcomes through informed teaching of students,” say Co-Founders Duncan Anderson, Jeremy Cox, and Ben Sze. “Edrolo is a data-driven, ‘differentiated teaching’ solution, giving students a next-generation replacement for textbooks, tutors, study guides, and exam revision lectures, as well as giving parents peace of mind that their children’s’ needs are being met 24/7.”

AirTree Partner, Daniel Petre says “Edrolo has built a phenomenal product that is benefitting from a full stack approach to learning. We are excited to be part of Edrolo’s journey as they deliver to educators something that has been dreamed about for decades. The number of leading academic institutions already using their product is testament to the bright future ahead for the company.”

About Edrolo

Edrolo (www.edrolo.com.au & www.edrolo.com) is an online education company that partners with master teachers to build online learning resources that help students prepare for their high-stakes exams.

Edrolo offers a packaged school program in Australia and includes the following products:
     ●      Theory Master; short interactive video lessons covering each part of the curriculum. These feature premier secondary educators including Biology teacher and technology leader Andrew Douch and Psychology rockstar teacher Kristy Kendall.
     ●      Exam Master; a real-time data-driven solution for teachers, informing them on what their student cohort understand and what needs to be revised.

As well as offering HSC and VCE products in Australia, Edrolo has a leading product servicing students preparing for their SAT exams across the US and globally. Edrolo plans to expand across other international curriculums over time.

About AirTree Ventures

AirTree (www.airtreevc.com) is a $60m venture capital fund focused on seed through to growth stage investments in businesses that are disrupting traditional markets.

Daniel Petre and Craig Blair, co-founders of Airtree, have demonstrated a successful venture capital investment track record spanning over fifteen years.

About BlackBird Ventures

Blackbird Ventures (http://blackbird.vc) is a venture capital firm that brings the capital and expertise of Australia’s great technology founders to the next generation of startups.

Blackbird was formed in 2012 and has raised $30m from the founders of Atlassian, Campaign Monitor, Aconex, Retailmenot and many more. The firm is designed to help founders succeed on a global stage and to build our next generation of iconic startups.