# Charly

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/charly

- Industry: Software
- Headquarters: Berlin, Germany
- Website: www.charly.education
- Total disclosed funding: $6.5M
- Latest round: Series A (Jan 12, 2021)
- Investors on record: 3

## About

Charly is a Germany-based educational technology company that delivers innovative online learning solutions to enhance educational experiences for students and educators.Charly specializes in providing digital educational tools aimed at improving learning outcomes for students in K-12 and higher education. Founded in 2016 by Cecil von Croÿ and Karl Bagusat, the company is headquartered in Berlin, Germany. It has completed 4 deals, with the most recent funding round being a Series A, raising EUR 3.00 mn from Core Ventures Group. The total amount raised by the company is EUR 3.00 mn with a current company valuation of EUR 27.509 mn. In March 2022, Charly filed for bankruptcy.charly.education specializes in educational technology solutions aimed at enhancing learning experiences through innovative digital platforms. Their flagship offerings include a comprehensive suite of online learning tools designed to facilitate personalized education for students ranging from K-12 to higher education. These products enable interactive learning methods, such as adaptive learning pathways and real-time feedback systems, helping educators tailor instruction to meet individual student needs. The company primarily serves educational institutions, including schools and universities, as well as individual learners, providing solutions that address diverse educational challenges. charly.education has expanded its reach to multiple geographical markets, including North America, Europe, and parts of Asia, ensuring that their services cater to a global clientele seeking to improve educational outcomes.The revenue model for charly.education is structured around subscription-based services and partnerships with educational institutions. Clients typically engage with the company through various pricing plans that cater to different user needs, including institutional licenses for schools and individual subscriptions for students or parents. Transactions are executed on a recurring basis, often monthly or annually, depending on the chosen plan. The company’s offerings, such as its proprietary adaptive learning platform, are central to its revenue generation, as they provide significant value to users. By establishing partnerships with schools, charly.education not only enhances its market presence but also drives consistent revenue through long-term contracts and renewals.In March 2022, Charly filed for bankruptcy, which has prompted the company to reassess its future growth strategies. While specific upcoming products or expansion plans are not detailed post-bankruptcy, the company will likely need to innovate and restructure to regain market stability. Future initiatives may include launching new educational tools and exploring new geographical markets to rebuild its client base.

## Funding rounds

- Series A, Jan 12, 2021, $3.6M — Core Ventures Group
- Seed, May 30, 2018, $2.9M — Core Ventures Group, PAPEfunds, More

## Investors

- Core Ventures Group (https://capitalatlas.ai/funds/core-ventures-group) — Seed, Series A
- PAPEfunds (https://capitalatlas.ai/funds/papefunds) — Seed
- More — Seed