PenPal Schools , a company that connects 70K+ people in over 160+ countries through curriculum-guided online exchanges, has raised an portion of their $1.5Mn seed round from multiple investors through Enable Impact.
Joe Troyen, founder of PenPal Schools noted, “Enable Impact introduced me to a dozen investors interested in investing in companies with a strong social mission. These introductions led to multiple investments and were huge in helping us reach our initial fundraising goal.”
PenPal Schools began engaging with investors through Enable Impact at the end November of 2015, and made many strides over the 12 weeks leading up to their latest investments, including being inducted into Techstar’s 2016 Austin cohort.
They have expanded their round from $750K to $1.5M to invest in their technology to improve PenPal’s offering and help further their push towards being a leader in global education.
About PenPal Schools: PenPal Schools connects over 70,000 students in 168 countries to learn together. PenPals collaborate through high-quality online courses to discover cultures and learn about global challenges while practicing essential reading and writing skills. PenPal Schools has won multiple international awards and was recognized by the President of the United States as one of the world’s leading social enterprises. Visit their website to learn more and preview one of their courses.
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