Transeo Receives Seed Equity From Osage Venture Partners to Accelerate Rapid Growth
HINSDALE, Ill., October 6, 2021 (Newswire.com) - Transeo, an industry-leader in education technology, announced today the closing of its $4 million Series Seed investment round, led by Osage Venture Partners.
For the last 30 years, education has been largely focused on grades and test scores with the sole goal of sending all students to a four-year institution. With administrators and legislators shifting their focus to achieve a more student-centered, equity-focused education climate, schools and districts need tools to not only create meaningful, equitable opportunities for students, but to also manage and track career and college readiness beyond grades and test scores. Transeo, a solution built by educators, understands these gaps in the market. The platform was born with a vision to offer schools and districts a suite of readiness tools that help educators create meaningful, equitable opportunities for students. In a very short period, Transeo has proven itself a trusted life readiness solution for hundreds of districts in over 22 states.
"Transeo's solution solves a real-world problem schools, districts, and states of all sizes are facing," says Emily Foote, Principal at Osage Venture Partners. "One of the things that attracted us to Transeo was how deeply the team understood the pain point they are addressing and how, in a relatively short amount of time, the team was able to build trusted customer relationships across hundreds of districts that are having a true impact."
"We're incredibly excited to be partnering with Osage," says Don Fraynd, CEO of Transeo. "There's a clear need for our product in the market. Our customers have a longstanding history of unresolved pain points that we're humbled to help resolve. After two years of aggressive growth, we're excited to continue providing world-class support to new and existing customers alike."
With the additional capital, Transeo plans to invest further in product innovation, grow sales and marketing to reach an even larger market, and attract top talent.
In a time when school priorities are in constant flux with the COVID-19 pandemic and administrators, faculty, and staff are stretched thin, Transeo has provided a robust and configurable solution that gives educators bandwidth to address equity issues, support economic mobility, build meaningful business partnerships, and transform the educational experience. By doing so, Transeo helps schools and districts successfully shift their focus from grades and test scores alone to a more student-centered, equity-focused education climate.
Visit GoTranseo.com to learn more about Transeo's suite of student readiness tools.
About Transeo
Transeo is a suite of fully configurable student readiness tools. Built by educators for educators, the software creates a streamlined approach to reduce manual processes, empower student pathways, manage funding requirements, and more. Through robust and configurable software, educators gain the bandwidth to address equity issues, support economic mobility, build meaningful business partnerships, and transform education. For more information, visit GoTranseo.com
About Osage Venture Partners
Osage Venture Partners (OVP) is a venture capital firm located just outside of Philadelphia, PA that partners with exceptional entrepreneurs building the next generation of leading B2B software companies in the Eastern U.S. With more than $200M under management, OVP has consistently focused on this strategy since its inception in 2005, making sixty investments in early-stage B2B software companies over that time. For more information, visit OsageVenturePartners.com.
Press Contact:
Hannah Gerstner
Director of Marketing
Hannah.gerstner@gotranseo.com
Source: Transeo
