# Shearwater International

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shearwater-international

- Industry: Education/Training
- Headquarters: Boston, US
- Website: www.mentorcollective.org/
- Total disclosed funding: $14M
- Latest round: Series A (Dec 14, 2021)
- Investors on record: 7

## About

Shearwater International Inc. is a Boston-based company specializing in student engagement solutions through a mentorship platform, enhancing retention and success in higher education settings.Founded in 2013, Shearwater International Inc. operates a mentorship matching system that connects students with mentors for personalized support. The company has completed 5 deals, with its most recent deal on December 14, 2021, which was a Series A round raising USD 10.000 mn led by Resolve Growth Partners and included Lumina Foundation. Jackson Boyar and James Morrissey founded the company, with Jackson Boyar currently serving as CEO.Mentor Collective offers a comprehensive student engagement and success platform designed to foster community and enhance student retention in higher education settings. The core products include a mentorship matching system connecting students with mentors, facilitating personalized support and guidance throughout their educational journey. The platform aims to improve students' sense of belonging and engagement, increasing retention rates among various demographics, including first-year and transfer students, as well as underserved populations. Its solutions are utilized by colleges, community colleges, and corporate partners across North America and other regions, targeting institutions that prioritize student success.Mentor Collective's revenue model is based on partnerships with educational institutions that seek to enhance student success through mentorship. Clients typically subscribe for access to the platform and its features, which may include analytics dashboards and support resources tailored to their needs. These partnerships enable the implementation of high-impact mentoring programs at scale, driving improved student persistence and retention metrics. The business structure emphasizes long-term collaborations with education-focused institutions, resulting in sustainable revenue streams.In December 2021, Shearwater International Inc. raised USD 10.000 mn in Series A funding, led by Resolve Growth Partners with participation from Lumina Foundation. The funding will be utilized for infrastructure and product development, including new training and services designed to support mentorship in workplace environments. The company is focused on expanding its offerings and may target additional geographic markets to further enhance its engagement solutions.

## Funding rounds

- Series A, Dec 14, 2021, $10M — Lumina Foundation, Resolve Growth Partners
- Seed, Aug 28, 2019, $3.1M — Lumina Foundation, Emerge Education, EduLab Capital Partners, Strada Education Network, IU Ventures
- Seed, Mar 29, 2018, $0.6M — Rethink Capital Partners

## Investors

- Rethink Capital Partners (https://capitalatlas.ai/funds/rethink-capital-partners) — Seed
- Lumina Foundation — Seed, Series A
- Emerge Education (https://capitalatlas.ai/funds/emerge-education) — Seed
- EduLab Capital Partners (https://capitalatlas.ai/funds/edulab-capital-partners) — Seed
- Strada Education Network (https://capitalatlas.ai/funds/strada-education-network) — Seed
- IU Ventures — Seed
- Resolve Growth Partners (https://capitalatlas.ai/funds/resolve-growth-partners) — Series A