Fundraising FoxEdly
Briarcliff Manor, US · Founded 2019 · Delaware corporation · 5 known investors
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Edly is a private student loan platform offering income-based repayment (IBR) loans, including a no-cosigner option for students within a year of graduation. It provides pre-qualification without a hard credit pull, forbearance options, and repayment amounts that adjust to post-graduation income, aimed at helping students close their tuition funding gap.
Founders & leadership
Edly was founded in 2019 by Christopher Ricciardi.
Board
Investors · 5
How we know: funding news · press coverage · Not right? Tell us
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How we know: board seat on SEC Form D · the VCSheet dataset · Not right? Tell us
How we know: Social Starts's portfolio page · the VCSheet dataset · Not right? Tell us
Reported raises · per SEC filings
Form D private placements$9.2M disclosed across 6 rounds · 2019–2022
▶$4.1MraisedSep 2022 · 11 investors · Business ServicesRule 506(b)
- Chris RicciardiExecutive Officer, Director
- Amount sold
- $4.1M
- Minimum investment
- $20K
- First sale
- Sep 2022
- Incorporated
- Corporation, Delaware, 2019
- Federal exemptions
- 06b
▶$2.6MraisedAug 2021 · 6 investors · OtherRule 506(b)
- Code CubittDirector
- Christopher RicciardiExecutive Officer, Director
- Lars NorellDirector
- Pablo SrugoDirector
- Amount sold
- $2.6M
- Minimum investment
- $50K
- First sale
- Apr 2021
- Incorporated
- Corporation, Delaware, 2019
- Federal exemptions
- 06b
▶$32KraisedSep 2020 · 5 investors · Other Banking and Financial ServicesRule 506(c)
- CHARLES TRAFTONExecutive Officer
- CHRIS RICCIARDIExecutive Officer, Promoter
- Offering amount
- $2M
- Amount sold
- $32K
- Minimum investment
- $5K
- Sales commissions
- $640
- Placement agents
- MICROVENTURE MARKETPLACE INC
- First sale
- Sep 2020
- Incorporated
- Corporation, Delaware, 2019
- Federal exemptions
- 06c
▶$1.4MraisedMay 2020 · 7 investors · OtherRule 506(b)
- Charles TraftonExecutive Officer, Director
- Christopher RicciardiExecutive Officer, Director
- Code CubittDirector
- Lars NorellDirector
- Pablo SrugoDirector
- Offering amount
- $2.5M
- Amount sold
- $1.4M
- First sale
- May 2020
- Incorporated
- Corporation, Delaware, 2019
- Federal exemptions
- 06b
▶$500KraisedJan 2020 · 5 investors · OtherRule 506(b)
- Lars NorellDirector
- Code CubittDirector
- Charles TraftonExecutive Officer, Director
- Pablo SrugoDirector
- Christopher RicciardiExecutive Officer, Director
- Offering amount
- $500K
- Amount sold
- $500K
- Minimum investment
- $30K
- First sale
- Jan 2020
- Incorporated
- Corporation, Delaware, 2019
- Federal exemptions
- 06b
▶$600KraisedSep 2019 · 1 investors · OtherRule 506(b)
- Christopher RicciardiExecutive Officer, Director
- Charles TraftonExecutive Officer, Director
- Pablo SrugoDirector
- Daniel GilbertDirector
- Code CubittDirector
- Offering amount
- $600K
- Amount sold
- $600K
- Minimum investment
- $600K
- First sale
- Aug 2019
- Incorporated
- Corporation, Delaware, 2019
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Related companies · 2
Companies working in the same space as Edly.
Acquisitions · 1
Early investors' stakes continue via these dealsAvenify was a fintech startup that offered income-share agreements to help nursing students finance their education without upfront debt.
Frequently asked questions
- What does Edly do?
- Edly is a private student loan platform offering income-based repayment (IBR) loans, including a no-cosigner option for students within a year of graduation. It provides pre-qualification without a hard credit pull, forbearance options, and repayment amounts that adjust to post-graduation income, aimed at helping students close their tuition funding gap.
- Who founded Edly?
- Edly was founded by Christopher Ricciardi in 2019.
- Who are Edly's investors?
- Edly's investors include Allied Venture Partners, Azure Ventures Group, Gaingels, Mistral Venture Partners, Social Starts.
- How much funding has Edly raised?
- Edly has disclosed $9.2M raised across 6 rounds.
- Where is Edly headquartered?
- Edly is headquartered in Briarcliff Manor, US.