Our mission at Dreamit UrbanTech is to empower startups to transform the built environment by giving startups access to customers, coaching, and capital. Founders enter the 14-week program to scale their businesses and to position themselves to raise their next round of funding. Meet the startups who were selected for the Spring 2018 Dreamit UrbanTech cohort.
Fintech startup MPOWER Financing (Dreamit Spring 2016), which provides educational loans to high-potential, international students, has launched a $100 million debt financing round to meet its growing pipeline of loan applications.
How recent Dreamit Health alum Bluedrop Medical built a device that can prevent thousands of foot amputations and save healthcare payers billions of dollars per year.
PeopleGrove, an edtech startup which has built a software platform to connect students and professionals with advisers, coaches and mentors, has raised $1.8 million in seed funding. The funding round, coming less than a year after graduating from the Dreamit edtech accelerator in Spring 2016, was led by Reach Capital, with participation from Bisk Ventures, Collaborative Fund, Floodgate, GSV, Launch Capital, RiverPark Ventures and University Ventures.
Higher education is expensive in the U.S., especially for international students who don't have access to federal student loans. It's a problem that inspired Manu Smadja and Mike Davis, to found Washington, D.C.-based MPOWER Financing. The two-year-old startup connects students to loans from investors without the need for a co-signer, attracting Indian venture capital firm Zephyr Peacock to lead a $6 million funding round. Previous investors also joined the round, including area-firms 1776 Ventures and VilCap Investments.