GrowPro operates a platform that arranges educational and study-abroad experiences for students. The company uses its service marketplace to place and manage students in overseas programs and related travel services. Funds from the recent round will support continued international expansion, with Brazil identified as the next market and a new office planned there. The raise will also reinforce locations opened in 2022, including Manitoba (Canada) and Perth (Australia). The Valencian startup reported revenue of over €20 million in 2022 (growth of +110%) and managed more than 5,000 students that year. GrowPro’s target for 2023 is to maintain the growth rate of the last quarter of 2022, which would put annual sales above €60 million. GrowPro sells international educational experiences and travel programs and reached a record 300 bookings per month in 2021. The company expects to beat its 2021 revenue record and aims to triple results in 2022 by opening new origin markets and strengthening its technology. In 2021 it expanded into Colombia and Argentina and offers services from Spain, Chile, Mexico, Peru and other markets; it also added Malta, Ireland and the United States as destinations. Malta and Ireland currently represent 50% of sales, and Ireland was the top-selling destination for three consecutive months. GrowPro is developing a proprietary app and implementing a B2B SaaS model, already working with more than 30 agencies to provide post-sale services, paperwork and on-destination experience. The company has about 200 employees across 15 countries and is based in Valencia.

Total raised

$3M

Funding rounds

2

Latest round

Equity

Latest activity

Apr 2023