About FreshGrade
FreshGrade is a company based in Kelowna (Canada) founded in 2012 was acquired by Higher Ground Education in April 2021.. FreshGrade has raised $15.9 million across 2 funding rounds from investors including Accel, Social Capital and Higher Ground Education. FreshGrade operates in a competitive market with competitors including Padlet, Kami, CLASSUM, Stellar Labs and Mindsmith, among others.
- Headquarter Kelowna, Canada
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Sectors
Education
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$15.9 M (USD)
in 2 rounds
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Latest Funding Round
$11.6 M (USD), Series A
May 10, 2016
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Investors
Accel
& 6 more
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Employee Count
Employee Count
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Acquired by
Higher Ground Education
(Apr 08, 2021)
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Funding Insights of FreshGrade
FreshGrade has successfully raised a total of $15.9M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $11.6 million completed in May 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $11.6M
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First Round
First Round
(15 Aug 2014)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2016 | Amount | Series A - FreshGrade | Valuation | Relay Ventures | |
| Aug, 2014 | Amount | Seed - FreshGrade | Valuation | NewSchools Venture Fund |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in FreshGrade
FreshGrade has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Accel, Social Capital and Higher Ground Education. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage venture capital investments are provided by Relay Ventures.
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Founded Year | Domain | Location | |
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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location | |
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US focused early stage venture capital firm
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by FreshGrade
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - FreshGrade
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Freshgrade Comparisons
Competitors of FreshGrade
FreshGrade operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Padlet, Kami, CLASSUM, Stellar Labs and Mindsmith, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
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|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud-based whiteboarding is facilitated for collaborative content creation across devices.
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PDF and document annotation app for classroom collaboration is offered.
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| domain | founded_year | HQ Location |
Digital learning platform for classroom communication and engagement is provided.
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Online platform offering AI-assisted learning solutions for professionals
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Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Freshgrade
Frequently Asked Questions about FreshGrade
When was FreshGrade founded?
FreshGrade was founded in 2012 and raised its 1st funding round 2 years after it was founded.
Where is FreshGrade located?
FreshGrade is headquartered in Kelowna, Canada. It is registered at Kelowna, British Columbia, Canada.
Is FreshGrade a funded company?
FreshGrade is a funded company, having raised a total of $15.9M across 2 funding rounds to date. The company's 1st funding round was a Seed of $4.3M, raised on Aug 15, 2014.
What does FreshGrade do?
FreshGrade is a web and mobile-based app which targets parent, student and teacher communication and reporting through a digital portfolio. Teachers can add learning outcomes and capture best practices for collaboration, send reports on childs progress to parents, communicate announcements to kids and more. Students can self-document their achievements and progress, post comments on their and others achievements and more. Parents can keep track of their children and communicate with teachers for better development of kids. Available in iOS Appstore.
Who are the top competitors of FreshGrade?
Who are FreshGrade's investors?
FreshGrade has 7 investors. Key investors include Accel, Social Capital, Higher Ground Education, Relay Ventures, and Emerson Collective.