Sep 1, 2024
Announcing Our Series Seed Fundraise
Scholarly is excited to announce its $3M Seed round.
Almost a year and a half ago, Rusty Cowher and Kelly Sutton decided to launch Scholarly to build a modern and dynamic faculty software platform to address major pain points in higher education. Higher ed has long been underserved by modern software, and we constantly heard from faculty and administrators that they were dissatisfied with their current options.
For faculty, manual data input was tedious and they had no patience for dealing with arcane software interfaces on top of their already heavy workloads. Admins were managing complex workflows with spreadsheets and heroic workarounds. And institutional leaders could not get their hands on reliable data about their faculty. In short, it required a tremendous amount of manual effort to effectively support the faculty lifecycle.
We founded Scholarly because we believe in the mission of higher ed and know there is a better way forward. In one platform, we are aiming to address all of these challenges and to provide an amazing customer experience. We're committed to innovation and to leveraging modern software and AI to empower our customers.
We're here to stay and we're energized about the future for Scholarly and for higher ed. We’re seeing incredible enthusiasm from our customers and in the market, and this funding round will enable us to scale our team and our processes to grow with customer interest.
Kelly and Rusty have so much gratitude for our founding team. We’re very lucky to get to build Scholarly with such a great group of human beings.
A sincere thank you to our early customers who believe in our mission and who have been amazing partners. We’re also grateful for the support of our investors, including Range Ventures, Bienville, Service Provider Capital, Kleiner Perkins scout Iheanyi Ekechukwu, and the strategic angels who also contributed to our Seed round.