About Shorelight Education
Shorelight Education is a company based in Boston (United States) founded in 2013.. Shorelight Education has raised $67.84 million across 4 funding rounds from investors including Canadian Imperial Bank of Commerce and Huron Consulting Group. The company has 103 employees as of March 31, 2024. Shorelight Education offers products and services including School Match Quiz, Career Accelerator, Enrollment Support, and Visa Application Help. Shorelight Education operates in a competitive market with competitors including Leverage Edu, Leap Scholar, Yocket, Educatly and ForeignAdmits, among others.
- Headquarter Boston, United States
- Employees 103 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 Shorelight Education India Private Limited
- Date of Incorporation 30 May, 2017
- Jurisdiction New Delhi, Delhi, India
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Annual Revenue
$1.89 M (USD)30.07as on Mar 31, 2022
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Net Profit
$180.49 K (USD)141.19as on Mar 31, 2022
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EBITDA
$305.58 K (USD)-14.58as on Mar 31, 2022
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Total Equity Funding
$67.84 M (USD)
in 4 rounds
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Latest Funding Round
$30 M (USD), Debt – Conventional
May 29, 2024
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Investors
Canadian Imperial Bank of Commerce
& 1 more
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Employee Count
103
as on Mar 31, 2024
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Products & Services of Shorelight Education
Shorelight Education offers a comprehensive portfolio of products and services, including School Match Quiz, Career Accelerator, Enrollment Support, and Visa Application Help. 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.
Interactive tool to help students find suitable US universities based on preferences.
Program offering workshops and counseling for job preparation and internships.
Assistance with university applications and financial aid options.
Guidance on obtaining F-1 student visas for US study.
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Funding Insights of Shorelight Education
Shorelight Education has successfully raised a total of $67.84M across 4 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $30 million completed in May 2024. 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 4
- Last Round Debt – Conventional — $30.0M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2024 | Amount | Debt – Conventional - Shorelight Education | Valuation |
investors |
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| Nov, 2021 | Amount | Debt – Conventional - Shorelight Education | Valuation |
investors |
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| May, 2020 | Amount | Series D - Shorelight Education | Valuation |
investors |
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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 Shorelight Education
Shorelight Education has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Canadian Imperial Bank of Commerce and Huron Consulting Group. 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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Commercial banking services are provided to individuals and businesses.
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Founded Year | Domain | Location | |
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Advisory, consulting, technology, and analytics solutions are provided across industries.
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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 Shorelight Education
| 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 - Shorelight Education
| 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 |
Shorelight Education Comparisons
Competitors of Shorelight Education
Shorelight Education 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 Leverage Edu, Leap Scholar, Yocket, Educatly and ForeignAdmits, 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 |
International study-abroad services and student mobility are facilitated for learners.
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| domain | founded_year | HQ Location |
Provides counseling, exam preparation, visa help, and financial planning for study abroad.
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| domain | founded_year | HQ Location |
Online platform for study abroad counseling and resources is provided.
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| domain | founded_year | HQ Location |
Admission assistance is provided via an online platform for students.
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| domain | founded_year | HQ Location |
AI-powered B2B platform connects study abroad consultants and universities.
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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 Shorelight Education
Frequently Asked Questions about Shorelight Education
When was Shorelight Education founded?
Shorelight Education was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Where is Shorelight Education located?
Shorelight Education is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Is Shorelight Education a funded company?
Shorelight Education is a funded company, having raised a total of $67.84M across 4 funding rounds to date. The company's 1st funding round was a Series D of $67.84M, raised on Jul 08, 2014.
How many employees does Shorelight Education have?
As of Mar 31, 2024, the latest employee count at Shorelight Education is 103.
What is the annual revenue of Shorelight Education?
Annual revenue of Shorelight Education is $1.89M as on Mar 31, 2022.
What does Shorelight Education do?
Shorelight Education was founded in 2013 and is headquartered in Boston, United States. Operations focus on the education sector, where consulting services are delivered to facilitate study abroad opportunities. International students are connected with universities and service providers to support enrollment and academic performance. The domain shorelight.com is utilized for these activities.
Who are the top competitors of Shorelight Education?
Shorelight Education's top competitors include Leverage Edu, Ambitio and The WorldGrad.
What products or services does Shorelight Education offer?
Shorelight Education offers School Match Quiz, Career Accelerator, Enrollment Support, and Visa Application Help.
Who are Shorelight Education's investors?
Shorelight Education has 2 investors. Key investors include Canadian Imperial Bank of Commerce, and Huron Consulting Group.