About Prodigy
Prodigy is a company based in Oakville (Canada) founded in 2011. It operates as a Freemium, Subscription Services, and EduTech. Prodigy has raised $125 million across 2 funding rounds from investors including TPG and Canadian Business Growth Fund. The company has 44 employees as of March 31, 2024. Prodigy offers products and services including Prodigy Math and Prodigy English. Prodigy operates in a competitive market with competitors including Matific, Legends Of Learning, SplashLearn, Knowledge Platform and zyBooks, among others.
- Headquarter Oakville, Canada
- Employees 44 as on 31 Mar, 2024
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Sectors
Education
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Prodigy Education
- Date of Incorporation 28 Jul, 2018
- Jurisdiction Bengaluru, Karnataka, India
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Annual Revenue
$1.65 M (USD)2.39as on Mar 31, 2023
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Net Profit
$7.08 K (USD)-95.72as on Mar 31, 2023
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EBITDA
$73.88 K (USD)-75.28as on Mar 31, 2023
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Total Equity Funding
$125 M (USD)
in 2 rounds
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Latest Funding Round
$125 M (USD), Series B
Jan 12, 2021
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Investors
TPG
& 1 more
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Employee Count
44
as on Mar 31, 2024
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Products & Services of Prodigy
Prodigy offers a comprehensive portfolio of products and services, including Prodigy Math and Prodigy English. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Math skills are developed through engaging game-based learning.
English skills are enhanced via interactive game-based activities.
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Funding Insights of Prodigy
Prodigy has successfully raised a total of $125M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $125 million completed in January 2021. 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 B — $125.0M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2021 | Amount | Series B - Prodigy | Valuation | TPG | |
| Jun, 2019 | Amount | Seed - Prodigy | Valuation | Canadian Business Growth Fund |
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| 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 Prodigy
Prodigy has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include TPG and Canadian Business Growth Fund. 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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Fund of funds focused on pre-seed and seed-stage companies
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Founded Year | Domain | Location | |
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Growth capital investments are made by this private equity 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.
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Founded Year | Domain | Location |
Investments & Acquisitions by Prodigy
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Prodigy
| 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 |
Prodigy Comparisons
Competitors of Prodigy
Prodigy 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 Matific, Legends Of Learning, SplashLearn, Knowledge Platform and zyBooks, 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.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Gamified math platform for K-6 students is delivered.
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| domain | founded_year | HQ Location |
Game-based educational games in sciences are provided for students.
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| domain | founded_year | HQ Location |
Game-based math and reading programs are provided for students.
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| domain | founded_year | HQ Location |
Provider of e-learning and blended learning training programs
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| domain | founded_year | HQ Location |
Interactive digital textbooks for college STEM education are offered.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
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 Prodigy
Frequently Asked Questions about Prodigy
When was Prodigy founded?
Prodigy was founded in 2011 and raised its 1st funding round 8 years after it was founded.
Where is Prodigy located?
Prodigy is headquartered in Oakville, Canada. It is registered at Oakville, Ontario, Canada.
Is Prodigy a funded company?
Prodigy is a funded company, having raised a total of $125M across 2 funding rounds to date.
How many employees does Prodigy have?
As of Mar 31, 2024, the latest employee count at Prodigy is 44.
What is the annual revenue of Prodigy?
Annual revenue of Prodigy is $1.65M as on Mar 31, 2023.
What does Prodigy do?
Educational content aligned with curricula like Common Core is offered by Prodigy. Students are engaged through adaptive games in math and English. Tools for teachers and parents to track progress are included. Learning in both classroom and home environments is supported. The focus is placed on making education fun and accessible. Optional memberships for additional features are made available. Free access for educators is ensured through this model.
Who are the top competitors of Prodigy?
Prodigy's top competitors include Legends Of Learning, Knowledge Platform and Matific.
What products or services does Prodigy offer?
Prodigy offers Prodigy Math and Prodigy English.
Who are Prodigy's investors?
Prodigy has 2 investors. Key investors include TPG, and Canadian Business Growth Fund.