EdVisorly Raises $13.3 Million Series A to Scale AI Platform

EdVisorly, a Los Angeles-based technology company, announced it has raised $13.3 million in a Series A funding round. The round was led by Breachway Capital, with participation from investors including U.S. News & World Report, Lumina Foundation, and Strada Education Foundation.

The company develops an AI-powered platform designed to streamline and simplify the college transfer process for students. According to founder and CEO Manny Smith, the platform automates manual back-office workflows that currently slow down university admissions and enrollment procedures.

EdVisorly's technology aims to assist community college students transitioning to four-year universities. It facilitates the evaluation of transcripts, providing students with a clear understanding of how their prior coursework aligns with university requirements, thereby reducing uncertainty and increasing transparency.

This funding marks a significant milestone for the company, which has previously raised approximately $8.7 million. EdVisorly plans to use the capital to enhance its core technology and hire more user experience designers to improve its student-facing application. The company currently employs nearly 50 people and serves over 100 higher education institutions across the U.S.