# Canopy Study

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/canopy-study-pty

- Industry: Software
- Headquarters: Surry Hills, Australia
- Website: www.canopy.study/
- Total disclosed funding: $0.8M
- Latest round: Seed (Jan 21, 2022)
- Investors on record: 1

## About

Based in New South Wales, Australia, and founded in 2019 by co-founders Andre Avedissian, Dean Mikan, and Ethan Catzel, Canopy Study Pty Ltd. provides a platform that uses artificial intelligence (AI) to convert study materials into personalized question sets and leverages spaced repetition for efficient learning. In April 2022, Canopy Study raised USD 1.1 million in a seed round led by investor Folklore Ventures.


Canopy Study offers an AI-powered revision tool that converts study materials into questions. The platform uses AI to convert text-based materials (uploaded in formats like PDFs, plain text, or web links) into study questions. The software allows students to generate revision questions from the class notes, textbooks, or other written resources. The tool enables users to import existing flashcard sets from platforms like Quizlet. Additionally, students can manually create the questions and study sets using the platform’s interface. In addition, the platform also offers a feature called “Bundles,” which allows users to group questions into a collection that can be customized and shared with peers, creating a collaborative study environment.


The company generates revenue through a monthly subscription, which costs AUD 3.99 per month.


The company will use April 2022 funding to accelerate product development and expand its team across Australia.

## Funding rounds

- Seed, Jan 21, 2022, $0.8M — Folklore Ventures

## Investors

- Folklore Ventures (https://capitalatlas.ai/funds/folklore-ventures) — Seed