Archipelago Holdings

Jul 16, 2020

TeleTeachers — a leading provider of engaging and effective technology-enabled learning and therapy solutions — announced that it has raised $2.785 million in Series A equity private placement TeleTeachers — a leading provider of engaging and effective technology-enabled learning and therapy solutions — announced that it has raised $2.785 million in Series A equity private placement with lead investors Seyen Capital Senior Managing Director George Spencer and Jerry Putnam (founder of Archipelago Holdings and former Chairman of OptionsHouse and President of the NYSE). Putnam and Spencer will serve on the TeleTeachers Board of Directors along with TeleTeachers Founder and CEO Emily Smith, a certified speech-language pathologist. With this round of funding, TeleTeachers will expand its provider base and satisfy a surge in demand, hastened by a nationwide focus among public K-12 school districts on distance learning and educational equity. This vision includes a technology platform designed to help school leaders more effectively manage, deliver, and document online special education services. And the platform allows schools districts to transition special education instruction and related therapy services to remote as needed, recover funding for eligible services from complex systems like Medicaid, and have access to a growing roster of certified and experienced teletherapy providers, who work as an extension of school district partner teams to deliver hard-to-find services. Key Quotes: “Now is an incredible opportunity to innovate in education and bring unparalleled value to schools and students in this critical time of online learning adoption. As a company, we are ready and excited to continue partnering with school districts nationwide to ensure that every student has access to the services they need to succeed and to support special education teams in delivering and implementing distance learning and therapy for students with disabilities at scale. We will be successful when every student requiring special education has an exceptional experience and outcome with online learning. This funding round provides the resources to make tremendous progress toward that vision.” — TeleTeachers Founder and CEO Emily Smith “I am highly confident this round will position TeleTeachers and Emily to rapidly capitalize on the current market demand for efficacious online tech-enabled therapy services for schools and their students. TeleTeachers’ platform is the best I’ve seen and I’m looking forward to an exciting future.” — Seyen Capital Senior Managing Director George Spencer “We are confident that this raise will prove to be a pivotal step in the company’s long-term success. We are confident that Emily and TeleTeachers can effectively address the increasing demand for edtech business services, especially in terms of tele-education and teletherapy. We are enthusiastic about and eager to follow TeleTeachers’ growth into an industry leader in the coming years.” — Nick Hurtgen, managing director at City Capital Advisors, and exclusive financial advisor to TeleTeachers