Authentica Solutions, an Atlanta, Georgia-based data integration and intelligence management solution for the education sector, raised $6.2 million in a seed round.
Investors
The round was led by Owl Ventures, with participation from EduLab Capital Partners.
Owl Ventures is a global venture capital firm focused on the education technology market. With over $2 billion in assets under management, Owl Ventures invests in leading companies across early childhood, K-12, higher education, and professional learning. The firm leverages deep domain expertise and a robust network of partners to help entrepreneurs scale their businesses into category-leading companies in education technology.
Authentica Solutions Use of Funds
The company plans to use the funding to scale operations, invest in research and development, and expand its reach to more institutions and EdTech partners seeking innovative data solutions.
About Authentica Solutions
Founded by Russell Long and Gene Garcia, Authentica Solutions provides intelligence management, data integration, and EduLake™, a modern data estate, for the education sector. Their flagship product, Authentica seed™, is an education intelligence platform designed to enhance data interoperability and management within educational settings. It is currently available in the United States and Canada. Authentica serves K-12 school districts, higher education institutions, departments and ministries of education, education software providers (EdTech), system integrators, and strategic partners.
Funding Details
Company: Authentica Solutions, LLC
Raised: $6.2M
Round: Seed Round
Funding Month: June 2024
Lead Investors: Owl Ventures
Additional Investors: EduLab Capital Partners
Company Website: https://authenticasolutions.com/
Software Category: Data Integration and Intelligence Management Solutions
Source: https://www.prnewswire.com/news-releases/authentica-solutions-secures-6-2-million-in-funding-led-by-owl-ventures-to-transform-intelligence-management-in-education-302184002.html