Total amount raised
$112.7 Millions
Latest funding date
03/01/2023
Location
Coursedog has successfully raised funding through private equity, attracting the interest of seven investors, including JMI Equity and Coatue. The company offers a comprehensive platform designed to streamline academic scheduling and curriculum management for higher education institutions.
Keep reading to explore the intricacies of Coursedog's fundraising journey and the investors backing this innovative platform.
What Is Coursedog?
Coursedog, founded on March 14, 2018, is headquartered in New York, New York. The company was established by Justin Wenig and Nicholas Diao.
Specializing in academic scheduling and curriculum management, Coursedog offers a platform that integrates various administrative processes for higher education institutions. Their solutions aim to reduce service costs, improve student outcomes, and enable data-driven decisions.
With a team of 101-250 employees, Coursedog continues to innovate in the field of academic operations, providing tools like Academic Scheduling, Curriculum Management, and Faculty Workload Management.
How Much Funding Has Coursedog Raised?
- Seed Round
- Amount Raised: $1.5M
- Date: March 2019
- Lead Investors: Y Combinator
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial platform and attract early customers.
- Non-Equity Assistance
- Amount Raised: -
- Date: September 2018
- Lead Investors: -
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To gain strategic support and resources without diluting equity.
- Series A
- Amount Raised: $4.2M
- Date: March 2020
- Lead Investors: First Round Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and enhance product features.
- Series A
- Amount Raised: $17M
- Date: September 2021
- Lead Investors: Coatue
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and increase market penetration.
- Private Equity Round
- Amount Raised: $90M
- Date: March 2023
- Lead Investors: JMI Equity
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To attract mission-driven talent and focus on partner success.
Total Amount Raised: $112.7M. Current Valuation: Not publicly disclosed.
Key Investors
- JMI Equity
- Details: JMI Equity is a private equity firm that focuses on investing in software companies. The firm has a track record of working with mission-driven businesses, particularly those that serve the higher education sector.
- Investment Focus Areas: Software, Technology, Business services
- Notable Investments: Not publicly disclosed
- Coatue
- Details: Coatue is a global technology-focused investment manager. The firm invests in both public and private markets, with a strong emphasis on technology-driven companies.
- Investment Focus Areas: Technology, Media, Telecommunications
- Notable Investments: Not publicly disclosed
- First Round Capital
- Details: First Round Capital is a venture capital firm that specializes in providing seed-stage funding. The firm is known for its hands-on approach and extensive network of resources for early-stage startups.
- Investment Focus Areas: Technology, Consumer products, Healthcare
- Notable Investments: Not publicly disclosed
- Y Combinator
- Details: Y Combinator is a startup accelerator that provides seed funding. The accelerator has helped launch numerous successful startups by offering mentorship, resources, and funding.
- Investment Focus Areas: Technology, Software, Consumer internet
- Notable Investments: Not publicly disclosed
What's Next for Coursedog?
The future looks promising for Coursedog as they leverage their recent $90 million investment to attract mission-driven talent and enhance their product offerings. With the growing need for modernized academic operations, Coursedog is well-positioned to capitalize on industry trends that emphasize data-driven decision-making and integrated platforms.
As they continue to grow, future fundraising opportunities are likely, especially if they maintain their trajectory of success. However, challenges such as competition and scalability will need to be addressed to ensure sustained growth and customer satisfaction. The strategic partnership with JMI Equity provides a solid foundation for navigating these hurdles and achieving long-term success.
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