The idea was to “intensely personalize the learning experience” for students, he said. “Our original idea was to create the world’s first emotionally responsive educational math game” using facial recognition software, and later biometric monitors to observe how children responded to the games, Mr. Mahimker and co-CEO Alex Peters, both 32, began building the company as a school project a decade ago when they were students in the University of Waterloo’s mechatronics engineering program. “We’re planning on growing very aggressively with this fundraise … and pursue our mission of helping every student in the world love learning,” co-chief executive officer Rohan Mahimker said in an interview. Oakville, Ont.-based Prodigy Education Inc, which had previously raised just $15-million in institutional capital from CBGF in 2019, said the new funds would fuel a hiring spree, with plans to double in size to 800 people this year. private-equity giant TPG and the Canadian Business Growth Fund (CBGF).
PRODIGY STUDENT LOGIN FREE
Log In Create Free AccountĪ GTA online company that has turned math education into a video game for millions of children worldwide has raised $159-million from U.S. “Achieving this important funding milestone is another step towards achieving our goal of helping over 25,000 students every year,” Neha Sethi, Head of Capital Markets, Prodigy Finance.Please log in to bookmark this story. Prodigy Finance recently partnered with 12 new colleges in the United States, taking the total count to 800 colleges and universities hosting 1000 post-graduate courses in its curriculum. “This financial commitment to Prodigy Finance is a great example of our ability to provide flexible funding solutions to complex business needs and fits well with CPP Investments’ credit strategy of investing our patient capital with leading partner organisations,” Derek Jackson, Managing Director, Head of European Credit, CPP Investments, said in a statement. It claims to have financed over $1 billion in graduate education loans to over 20,000 high-potential students from over 100 countries in the fields of marketing, finance, and human resources, among others. It also claims to have recorded 50 percent year-on-year in applications. The company claims to provide a unique global credit model, which assesses applicants on numerous variables. The entire loan application process takes place online, and students sign their final loan agreement once they have reached campus. We are confident that this funding will prove instrumental in transforming the future of numerous deserving students across the Indian-subcontinent who otherwise would never have been able to follow their dreams of studying in a top foreign university,” Mayank Sharma, Country Head for Prodigy Finance India, said in a statement.
“We are pleased to have secured this substantial infusion of funds. In India, it claims to offer education loans to Indian students without the need for security, a co-signer, or guarantor at more than 800 schools around the world in the fields of Marketing and Business Administration, Engineering, Law, Public Policy, and Health Sciences. Warehouse discovery and leasing platform Godamwale raises $1M in seed roundįounded in 2007, Prodigy Finance aims to make university education available for every deserving student regardless of their socio-economic background.