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Corporate Venture
nmedventures.com

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Investments

18

Portfolio Exits

1

About EdVentures

EdVentures is the corporate VC arm of Nahdet Misr Publishing Group, was launched in 2017 to invest in EdTech startups in Egypt. EdVentures focuses its investments on innovative learning solutions, culture and education.

EdVentures Headquarter Location

Giza,

Egypt

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Latest EdVentures News

PCS Edventures! Reports Audited Results for Fiscal Year 2022 Ending March 31, 2022

Jul 8, 2022

Boise, Idaho, UNITED STATES BOISE, Idaho, July 08, 2022 (GLOBE NEWSWIRE) -- PCS Edventures!, Inc., (PCSV) a leading provider of K-12 Science, Technology, Engineering and Mathematics (STEM) education programs and drone products, today announced audited results of operations for its Fiscal Year 2022, which ended on March 31, 2022. Revenue was $4.07 million, compared to revenue of $2.11 million in Fiscal Year 2021. Net income for Fiscal Year 2022 was $0.73 million compared to ($0.12 million) for Fiscal Year 2021. Cash flow from operations was $0.26 million, and the Company ended the fiscal year with $0.58 million in cash. Michael Bledsoe, President, commented, “Fiscal Year 2022 represented a sharp rebound back to profitability from the pandemic-gripped environment in Fiscal Year 2021. Our sales experience thus far in Fiscal Year 2023 is meaningfully exceeding the level we saw during the same period in Fiscal Year 2022, and we expect that trend to continue throughout Fiscal Year 2023. Considering that we have been able to hold our margins steady in a very challenging supply-chain environment and the exciting opportunities immediately ahead of us, it is difficult not to expect a breakout year in Fiscal Year 2023.” Todd Hackett, CEO, stated, “Our long-term goals have not changed. We intend to continue paying down debt with funds exceeding our working capital needs. We intend to become an SEC reporting company, to expand our Board, and to eventually return some capital to shareholders when our debt target is reached. Operationally, we are executing at a high level which will allow us to achieve all of these things over time.” For more information about PCS Edventures!, Inc., visit  our website . Company financial information and reports can be found at https://www.otcmarkets.com/ . About PCS Edventures!, Inc. PCS Edventures!, Inc. (OTCPK: PCSV) is a Boise, Idaho company that designs and delivers technology-rich products and services for the K-12 market that develop 21st-century skills. PCS programs emphasize experiential learning in Science, Technology, Engineering, and Math (STEM). https://edventures.com/ . This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934; actual results could differ materially from such statements. Contact

EdVentures Investments

18 Investments

EdVentures has made 18 investments. Their latest investment was in Sprints as part of their Seed VC on April 4, 2022.

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EdVentures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/10/2022

Seed VC

Sprints

$1.2M

Yes

3

1/5/2022

Seed VC

Super Fny

Yes

2

1/5/2022

Seed VC

OBM Education

Yes

2

1/5/2022

Seed VC

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10

11/15/2021

Seed VC - II

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$99M

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10

Date

4/10/2022

1/5/2022

1/5/2022

1/5/2022

11/15/2021

Round

Seed VC

Seed VC

Seed VC

Seed VC

Seed VC - II

Company

Sprints

Super Fny

OBM Education

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Amount

$1.2M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

3

2

2

10

10

EdVentures Portfolio Exits

1 Portfolio Exit

EdVentures has 1 portfolio exit. Their latest portfolio exit was Career 180 on November 15, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

11/15/2021

Merger

$99M

1

Date

11/15/2021

Exit

Merger

Companies

Valuation

$99M

Acquirer

Sources

1

EdVentures Team

1 Team Member

EdVentures has 1 team member, including current Managing Director, Edward T Colligan.

Name

Work History

Title

Status

Edward T Colligan

Managing Director

Current

Name

Edward T Colligan

Work History

Title

Managing Director

Status

Current

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