Founded in November 2018, StudyFree operates a community-driven B2C SaaS platform that lists scholarships and grants and connects prospective international students with alumni mentors. The service offers more than 300,000 programs for various degrees with scholarships and has a user base of 90,000 students. StudyFree says students using its platform have received scholarships and grants worth $10.3 million to study across the U.S., Canada, Europe and Asia. The company generates revenue through a subscription model and leverages alumni mentors who host events and assist new users with enrollment. StudyFree plans to use new funds to attract members, expand into new markets, and invest in marketing and platform development. It has participated in accelerators including Techstars New York City and Berkeley SkyDeck. StudyFree is a project led by founder Darya Kroshkina, the subject of an interview about its recent fundraising. The company reportedly attracted $600,000 aimed at entering new markets. It also received a grant from Seedstars and subsequently closed an additional fundraising round. Combined financing totals $1,100,000, which the company says will be used for scaling and global market development. The coverage highlights plans to expand internationally, including ambitions toward the U.S. market. The articles do not disclose product details, revenue, user metrics, or the identities of other investors beyond Seedstars. StudyFree is a Russian edtech startup founded by Dasha Kroshkina in April 2019 that operates a one-stop platform to help students gain admission to universities worldwide with full financing. The platform reports almost 23,000 users from 108 countries, with 7% of users paying for services. The startup generated $60,000 in revenue last month. StudyFree had not raised any external funding prior to the Seedstars World competition. As the Seedstars World 2020 winner it walks away with up to $500,000 in equity investment. The 2020 Seedstars World event was held entirely online and StudyFree beat four other finalists to claim the prize.

Total raised

$4M

Funding rounds

3

Latest round

Seed

Latest activity

Dec 2021