Growth Road, an EdTech startup specializing in career guidance using advanced AI and psychometrics, is raising 815,000 euros to expand its innovative platform in the educational sector.
Information on the Target
Growth Road is an innovative B2B SaaS EdTech startup, co-founded by Juan Ignacio Rossi and Nicolás Pardina. The company leverages generative AI and advanced psychometrics to provide precise and personalized career guidance for students. Targeting educational institutions, Growth Road aims to tackle the growing issue of high school dropout rates and inadequate career orientation in the current educational system. Through its platform, the company supports students from grade 9 to 12, offering detailed reports and continuous tracking of their academic choices.
Growth Road employs a comprehensive approach to self-discovery, utilizing a blend of traditional psychometric questions and open-ended inquiries regarding student interests, skills, personality, and emotions. By employing advanced natural language processing (NLP) techniques, the platform is able to derive complex parameters, yielding a more accurate profile analysis than standard tests while reducing the number of questions by 80%.
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Industry Overview in Spain
The EdTech sector is experiencing rapid growth, particularly in Spain, where a projected compound annual growth rate (CAGR) of 13.6% is expected through 2030. This growth is motivated by a universal push towards reducing school dropout rates a
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Disclosed details
Transaction Size: $862M
Enterprise Value: $2,185M
Equity Value: $328M