# PenPal Schools

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/penpal-schools

- Industry: Education/Training
- Headquarters: Austin, US
- Website: www.penpalschools.com
- Total disclosed funding: $1.3M
- Latest round: Seed (Jan 19, 2017)
- Investors on record: 5

## About

PenPal Schools operates an educational platform that connects classrooms worldwide, fostering cultural exchange and language learning through collaborative writing projects and discussions.Founded in 2012 and headquartered in Austin, US, PenPal Schools connects classrooms worldwide to facilitate cultural exchange and language practice. The company was co-founded by Joe Troyen, Marco Hülsmann, and Oliver Kray. In January 2017, PenPal Schools raised USD 1.25 mn in Seed funding led by Honeycomb Portfolio, with participation from investors like Capital Factory, Floodgate, Silverton Partners, and Techstars. The total amount raised by the company is USD 1.25 mn.PenPal Schools offers a unique educational platform that connects classrooms globally, facilitating cultural exchange and language practice primarily in English. The service includes a structured program where students participate in writing exercises, discussions, and collaborative projects on diverse real-world topics, such as daily life, food, history, art, and science. The platform utilizes human and artificial intelligence to moderate discussions and provide instant feedback on writing, creating a safe and supportive learning environment for teachers and students across North America, Europe, Asia, and Africa.PenPal Schools generates revenue through partnerships with educational institutions and direct engagement with teachers and students. The platform's services may be structured around a subscription model for schools or individual classes, offering access to premium features or additional resources. The pricing plans are tiered to accommodate various educational needs and class sizes, allowing schools to select options that align with their budget and objectives, focusing on enhancing language learning and global collaboration.PenPal Schools plans to utilize the recent funding raised in January 2017 to expand its offerings and reach more classrooms globally. This includes the design and launch of new products aimed at enhancing the educational experience on their platform. Specific markets targeted for expansion include Latin America and Southeast Asia, with efforts to establish a presence there by the end of 2023. The company aims to leverage its Seed funding to further develop innovative features that support both language learning and cultural exchange.

## Funding rounds

- Seed, Jan 19, 2017, $1.3M — Floodgate, Silverton Partners, Capital Factory, Techstars, Honeycomb Portfolio

## Investors

- Floodgate (https://capitalatlas.ai/funds/floodgate) — Seed
- Silverton Partners (https://capitalatlas.ai/funds/silverton-partners) — Seed
- Capital Factory (https://capitalatlas.ai/funds/capital-factory) — Seed
- Techstars (https://capitalatlas.ai/funds/techstars) — Seed
- Honeycomb Portfolio (https://capitalatlas.ai/funds/honeycomb-portfolio) — Seed