Dive Summary:
- Veteran education startup accelerator Imagine K12's recently-raised "start fund" increases its seed capital to $100,000 per startup upon acceptance into its program.
- When it launched in 2011, the education-focused incubator's seed capital was around $14,000 to $20,000 in exchange for 6% equity.
- Imagine K12's total increased to 30 companies with the graduation of its third cohort in October, and its founders say that Imagine K12 startups have raised over $30 million all together and have products in more than 400,000 classrooms.
From the article:
... Today, one of the veteran EdTech accelerators is adding significantly more fuel to the fire, with its very own Start Fund. Taking a page out of the TechStars and Y Combinator incubation texts, Imagine K12 launched in 2011 to offer support to education-focused founders in the form of a little seed capital — $14K to $20K in exchange for six percent equity — alongside mentoring, coaching and free workspace. Now, two years later, the accelerator is kicking funding for each startup up to $100K. ...
