Portfolio Welcome: Eduporium
The RevUp team is pleased to welcome Boston-based Eduporium into our portfolio!
Eduporium is a one-stop marketplace that connects educational buyers with a curated catalog of STEM products and services available for purchase directly from the Eduporium site. Eduporium handles purchase orders and directly manages the pass through of products from the EdTech firms that make them to the schools and districts who want to buy them.
With hundreds of EdTech companies offering every kind of product under the sun, the options available have quickly exceeded buyers' bandwidth to sort, review and select what will work best for their students / learning goals. Eduporium has leveraged this to build a loyal customer base that prefers to let the educational experts at Eduporium do the vetting for them!
Most Edtech companies set themselves up to produce AND sell products to educators. Many companies underestimate the complexities of selling into educational environments. On the buy-side, educators are overwhelmed by their options. For many educators, the task of selecting the best products for a purpose is a daunting barrier to utilization.
Enter Eduporium, which offers educators a one-stop shop for purchasing supplemental tools and products. They work directly with classroom teachers, district administrators, school librarians, and members of educational organizations to provide customized educational technology solutions that enhance experiential learning. By creating cooperative partnerships with EdTech and technology companies, they easi;y and efficiently curate and customize solutions to fit specific academic and budgetary needs.
Eduporium is active in all 50 states and currently has purchasing relationships with 6,000+ schools. They have active relationships with ~1300 districts and have provided products for 3M students. They are currently active in 7/10 of the largest school districts in the U.S.
We expect great things from this company. Stay tuned for updates!
More About RevUp Capital
RevUp Capital invests in B2B and B2C companies that are revenue-driven and ready to double down on growth. We deploy cash and capacity to help companies grow from $1-3M to $10-30M, quickly and efficiently, using a revenue-based model. Companies enter our portfolio with $500K-$3M in revenue, a strong growth rate, and a team that’s ready to scale. Our typical investment range is $300K-$500K.
We invest into a company's market-facing activity using a cash and capacity model. We pair our cash investment with dedicated support from the RevUp Growth Platform: a powerful resource to build a data-driven growth engine, delivered by people who get the work done. Rather than take equity, companies return investment through a small percentage of revenue over time. More at www.revupfund.com