Invest in Gradey

Gradey was founded on the belief that parents who get involved have students that perform better in school.

One simple question can make a profound difference on their kids' academic success.

The Problem

The problem arises when the student isn't always forthcoming with their answer. Trying to find those grades can be a time consuming and complicated process for any parent.

Below is the typical process you'd need to take to answer that question through a school district's portal:

Once you find the grade you're looking for, it's presented as "18/25," and doesn't mention what percentage of the total class grade it accounts for or whether it lowered or raised their overall course grade or even their overall GPA. Was this a good score or a bad score? You, the parent, are left to figure it out on your own.

The Solution

The solution Gradey provides is an academic virtual assistant that keeps up with grade information for parents and kids, providing instant access to grades along with analysis on how each grade affects overall academic success.

Gradey is an easy way for parents to find the information they're looking for, while providing insights into how certain grades affect overall academic goals.

The US market alone is very large, with 50M+ students in public schools along with 5M+ students in private schools. International expansion in the future is absolutely possible, but our initial target market will focus on 1.1M students.

Per student subscription model provides a low barrier to entry to provide parents with a tool to help their kids succeed in school. We plan to offer a "Family Discount" for families with 3 or more children, which would entice families to sign all their kids up at once and create a more "sticky" solution for their younger children.

Projections

Using the averages derived from numerous marketing experiments over the last year, we believe our Customer Acquisition Cost is $5. Starting with a marketing budget of $1000/month, increasing by 10% each month, our projections lead us to more than $50k in revenue during our initial launch year of 2024, increasing to more than $350k revenue in 2025, and more than $1M in 2026. These models also assume a conservative LTV of a customer at 8 months, and we believe Gradey will be "more sticky" than that.

*Forward-looking projections cannot be guaranteed

We have made a lot of progress so far, inclusive of our Proof-of-Concept builds having been piloted in four separate school districts. After this round of fundraising, we plan to continue the pilot launch in our 4 school districts to ready up for a more widespread launch in the Fall of 2024. The traction we gain with this launch will lead us into our seed round of fundraising, which will allow us to further scale out and market more widely. All of this will (hopefully) lead to a projected Series A raise in 2026.

*Forward-looking projections cannot be guaranteed

We plan to use the funds raised in this round to support the wider launch, fully secure our IP by filing the full patent application and provide us more operational runway leading into the seed round.

We are very excited about the future of Gradey and to have you as a part of this journey with us. If you have any questions at all, please reach out, as we are always excited to talk about Gradey!