ADMITTED: Edmit, a Boston-based startup that aims to help students and parents navigate the college selection process, has raised $2.3 million in a seed round led by Founder Collective. Other investors include Rethink Education and Investor Precursor. (This seed round takes into account $855,000 in pre-seed funding that the company announced last November.)
Founded in 2017, Edmit’s website invites students to input academic information (such as GPA and test score results) and their family’s finances, which is then used to create a list of recommendations for higher-ed institutions and how much they would cost.
“This round should give us two years of runway, at least,” Nick Ducoff, co-founder and CEO of Edmit, told American Inno, during which the team will grow its headcount from six employees and add new planning and recommendation features to the platform.
