Companies · Edtech

Foundations in Learning, Inc.

Coralville · Edtech · refined from filed group “Other Technology

Diligence memoA one-page analyst read on Foundations in Learning, Inc. — recommendation, valuation, rhythm, risks.
$2.4M
Total raised · real
2
Rounds
0.2×
Latest step-up
Top 41%
Sector rank · raised
Seed
Latest stage · inferred · Tue Mar 14 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

Foundations in Learning, Inc. looks under-valued against its niche peers and is at-risk on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the edtech sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Under-valued
  • Modeled value is 0.26× the median modeled value of Seed Edtech companies in 2022–2024 (21 peers) — value vs value, same stage and era.
  • Issuer reports $0–$1M revenue while modeled below niche peers.
At-risk
  • Last raise 3.3 yr ago; this sector typically re-raises about every 15 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Edtech

Foundations in Learning, Inc. is one of 262 Edtech companies tracked from Coralville. By capital raised it ranks mid-pack (ahead of 60% of sector peers), and in the long tail by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
$0–$1M
Issuer revenue
Rule 506(b)
Reg D exemption
3
Investors (latest)
2023-03-14
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$13M$25M$38M$50MSeed · 2012-02-18 Raised $1.9M (real) Modeled valuation $37M (est)$1.9M$37MSeed2012Seed · 2023-03-14 Raised $465K (real) Modeled valuation $3.1M (est)$465K$3.1MSeed2023+$465KCumulative $2.4M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Seed$1.9M · 2012
Seed extension$465K · 2023

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$3.1M
Base estimate est.
$385K
Conservative case
$11.8M
Upside case
$2.3M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Seeda $1.0M–$4.0M round). Valuation is modeled from stage benchmarks scaled by the edtech sector profile. Directional, not a quoted figure.

Seed · modeled $36.7M · 2012-02-182012Seed · modeled $3.1M · 2023-03-142023
Model inputs · modeled:benchmark-stage-stepup-v1
20%
Dilution assumption
Implied ownership sold in the financing.
37%
Survival probability
17% low · 57% high
1.48×/yr
Annual markup
1.94×/yr upside case
3.3 yr
Elapsed time used
3.3 yr actual, capped for stale marks
edtech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
133 mo
Avg between rounds
$214K/yr
Capital velocity
14.4 yr
On record since
2012
First round
2
Rounds on file
How it compares to the market

Benchmarked against 262 companies in Edtech. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 1.0× of median
This company$2.4M
Sector median$2.4M
Latest round — vs other Seed rounds in sector (real $, this stage) 0.3× of median
This company$465K
Sector median$1.8M
Modeled value — vs sector median (estimate, all stages) 0.2× of median
This company$3.1M
Sector median$19.9M

Raised more than 60% of sector peers (real $). Modeled value above 34% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Seed) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #21 of 21.

This companyCohort peer
$1.0M$10.0M$100.0M$1.0M$10.0MCapital raised (log)Galileo Education, Inc. · Seed Raised $3.8M · modeled $22.6M (est)ACI Learning Holdings, LLC · Seed Raised $4.0M · modeled $20.1M (est)SE Swim School - Capital Investors, LLC · Seed Raised $3.8M · modeled $19.7M (est)FoondaMate · Seed Raised $2.0M · modeled $18.3M (est)Colorado Academy of Veterinary Technology, Inc. · Seed Raised $2.5M · modeled $17.5M (est)Papaya Tutoring Services, Inc. · Seed Raised $2.3M · modeled $16.5M (est)Upright Education, Inc. · Seed Raised $3.3M · modeled $15.6M (est)AccioJob, Inc. · Seed Raised $2.7M · modeled $15.1M (est)Yam Education, Llc · Seed Raised $1.5M · modeled $14.4M (est)Hello World Education, Inc. · Seed Raised $3.0M · modeled $13.3M (est)Visionary Education Technology Holdings Group Inc. · Seed Raised $1.5M · modeled $12.1M (est)Coursestorm, Inc. · Seed Raised $3.9M · modeled $11.7M (est)Foundations in Learning, Inc. (this company) Raised $2.4M · modeled $3.1M (est)Foundations in Learning, Inc.
CompanyStageRaised · realValue · estvs peer med.
Galileo Education, Inc.Seed$3.8M$22.6M1.87×
ACI Learning Holdings, LLCSeed$4.0M$20.1M1.66×
SE Swim School - Capital Investors, LLCSeed$3.8M$19.7M1.63×
FoondaMateSeed$2.0M$18.3M1.51×
Colorado Academy of Veterinary Technology, Inc.Seed$2.5M$17.5M1.45×
Papaya Tutoring Services, Inc.Seed$2.3M$16.5M1.36×
Upright Education, Inc.Seed$3.3M$15.6M1.28×
AccioJob, Inc.Seed$2.7M$15.1M1.25×
Yam Education, LlcSeed$1.5M$14.4M1.19×
Hello World Education, Inc.Seed$3.0M$13.3M1.10×
Visionary Education Technology Holdings Group Inc.Seed$1.5M$12.1M1.00×
Coursestorm, Inc.Seed$3.9M$11.7M0.97×
Foundations in Learning, Inc. this companySeed$2.4M$3.1M0.26×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Seed$1.9M2012-02-18$9.5M$36.7M85%
Seed$465K2023-03-14$2.3M$3.1M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Seed$1.9M2012-02-18
    • First recorded raise — entered as Seed.
    • 10 investors on this round.
  2. Seed$465K2023-03-14
    • Raised again after 133 mo — slower than the ~15 mo sector norm.
    • Round 4.1× smaller than the prior — bridge or down round.
    • Switched to Rule 506(b) (was Rule 06).
    • 3 investors on this round.
Intelligence
2034 ~Q2
Modeled next raise · ~133mo cadence
$465K
Modeled next size est.range $465K$744K
0.2×
Last step-up
$214K/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
Jason Smith13 other2012-02
Carolyn Brown1 other2012-02
Chuck Peters1 other2023-03
Allison Zimmerman2023-03
Hass Machlab2023-03
Jerry Zimmerman2023-03
Jerry Zimmermann2012-02
John Sims2012-02
Registry & provenance

Foundations in Learning, Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1586968
SEC CIK
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Levered Learning, Inc.EdtechSeed$2.4M$33.9Msame sector · same stage
South School QOZF, LLCEdtechSeed$2.3M$4.9Msame sector · same stage
Flashlight Learning, Inc.EdtechSeed$2.3M$5.2Msame sector · same stage
Papaya Tutoring Services, Inc.EdtechSeed$2.3M$16.5Msame sector · same stage
Colorado Academy of Veterinary Technology, Inc.EdtechSeed$2.5M$17.5Msame sector · same stage
Riff Learning, Inc.EdtechSeed$2.2M$30.8Msame sector · same stage
Classic Learning Initiatives, LLCEdtechSeed$2.6M$50.2Msame sector · same stage
BASE Education, LLCEdtechSeed$2.1M$9.6Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
BASE Education, LLCEdtechSeed$9.6M89%
Higher Learning Technologies Inc.EdtechSeries A$129.5M88%
Lit Learning, Inc.EdtechPre-Seed$8.2M88%
Open Education Technologies LLCEdtechPre-Seed$6.3M88%
Inspirit Learning, Inc.EdtechSeed$46.9M87%
Sense Education, Inc.EdtechSeries A$13.9M87%
Tutor Intelligence, Inc.EdtechSeries C$250.3M87%
Blended Education Inc.EdtechSeed$34.4M87%
Frequently asked
How much funding has Foundations in Learning, Inc. raised?
Foundations in Learning, Inc. has raised approximately $2.4M in disclosed capital across 2 recorded financing rounds, aggregated from public filings.
What is Foundations in Learning, Inc.'s estimated valuation?
Provath's modeled valuation for Foundations in Learning, Inc. is approximately $3.1M (modeled range $385K–$11.8M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Foundations in Learning, Inc. at?
Foundations in Learning, Inc.'s latest modeled financing stage is Seed. Its most recent recorded round closed around Tue Mar 14.
What does Foundations in Learning, Inc. do and where is it based?
Foundations in Learning, Inc. operates in the Edtech sector, based in Coralville.
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