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illumnus’ deadline was July 24, 2021

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illumnus

Chat-based learning experience platform for K12 educational institutes
B2B SaaS Social Impact
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$29,124
Raised
108
Investors
Successfully funded and closed on July 24, 2021.
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Pitch Updates 9 Reviews 33
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Closed on July 24, 2021. Information may not be up-to-date. Campaign closed on July 24, 2021. Information displayed may not be up-to-date.
Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Funding Founders
About Team Press

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Illumnus Inc. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
illumnus Crowd SAFE Illumnus Form C-A 04.06.2021.pdf Illumnus Form C.pdf
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Hear from some of the 108 investors in illumnus


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Highlights


  • Chat-based digital platform for a truly collaborative learning experience
  • $15B+ combined TAM in target geographies
  • 6K+ users and 24 clients onboarded in the first 3 months
  • Clients in India, United Arab Emirates, and United Kingdom
  • ARR of $20K and a promising pipeline of $200K

Problem


Current education tools are complicated and disjointed

The purely-online mode of learning outside the classroom cannot go on forever. Schools will eventually re-open completely, but can education be said to be complete without the use of technology and internet in a classroom?

Learning management systems (LMS), student information systems (SIS), content management systems (CMS), and other tech tools used in classrooms today such as Blackboard, Canvas, Moodle, PowerSchool, etc. are outdated, complex, and take too long to onboard.

Additionally, it's a hassle for teachers, students, and parents to use 10 different tools just to get through one school day. Wouldn't it be great if everything you needed was included in a single app?

Solution


illumnus is an easy-to-use digital platform that makes education communication seamless

illumnus makes teaching centralized, simplified, and collaborative, with a chat-based digital platform for educational institutes. We create true collaborative learning with our device-agnostic and chat-based platform. Our collaborative Learning Experience Platform (LXP) allows premier schools and universities to simplify the communication flow among students and teachers, even after school hours.

We are evolving every day and ultimately aspire to be the only tech tool a school will ever need.

Product


The best of online learning integrated with classroom education

illumnus connects students, teachers, parents, and school administrators through a simplified, chat-based platform and takes care of all the learning requirements. We offer in-class video streaming, multi-user whiteboards, in-class polling, auto-graded exams, real-time performance trackers, teacher engagement stats, and direct messaging. The platform works on the desktop, as well as Android and iOS. Our platform makes communication as easy as possible, allowing students, teachers, and parents to focus on what’s really important: learning.

Traction


6k+ users and 24 clients in the first 3 months

illumnus has seen immediate interest from the educational market. We have onboarded 24 clients and 6k+ users in the first 3 months in India, the UAE, and the UK. Our current MRR is $1800, which we hope to triple by the end of March 2021. 

Customers


Our platform is built for everyone in the educational ecosystem

illumnus was created to connect everyone within any school, college, or coaching institute, including teachers, students, administrators, and parents. Our platform has been received with open arms from educational institutions across the world.
We're early in our journey, but are confident that more and more institutions will trust and adopt illumnus as we further build and develop our product.

Business model


B2B subscription-based pricing model

illumnus currently employs a B2B subscription-based pricing model. The pricing for our basic plan is $1/student/month, and our premium plan is $2/student/month. We are currently in the process of expanding our business by moving from a sales-driven onboarding model to a marketing-driven self-onboarding model. After March 2021, any school in the world will be able to easily start using our product within a day only be uploading one excel sheet.  

Market


Tapping into a massive $15B+ market

Based on the digital spends on schools all over the globe, we estimate our Total Addressable Market size as at least $15B (These are very conservative estimates and pre-pandemic numbers).

Going ahead, we only expect the number to grow. We are targeting the global B2B K12 education market with a focus on North America, Europe, and the Middle East. 

Competition


Catering to all learning-related requirements

illumnus caters to all learning-related requirements in a school. The market is divided and every big company is catering to certain specific requirements. This makes the teachers' and administrators' lives chaotic. Because of our intense focus on centralization and simplification, we are uniquely positioned in the EdTech sector. 

Vision and strategy


Expanding to 7k+ schools in 60 months

With your help, illumnus will improve the product to a level where we can call ourselves the Salesforce/Google of B2B education. We'll be able to scale rapidly with a focus on North America, Europe, and the Middle East.  We plan to have 7K+ schools using illumnus in the next 60 months which shall take our ARR to ~$1B.
Also, subscription-based revenue is only the enabler of the game. Once all the participants in thousands of schools across the world start using illumnus, there shall arise multiple opportunities for cross-selling and upselling.

Funding


Currently raising $900K to support product enhancement and scaling

Illumnus is currently raising $900K. We previously raised $140K from friends, family, and some Dubai-based Angel investors.

Funding from this round will go towards setting up a front office in Dubai, hiring top technology and marketing talent, and scaling to 600+ schools.

Founders


Deal terms


Valuation cap

$6,000,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Discount

20%

If a trigger event for illumnus occurs, the discount provision gives investors equity shares (or equal value in cash) at a reduced price.
Learn more.

Minimum investment

$100

The smallest investment amount that illumnus is accepting.
Learn more

Funding goal

$107K

illumnus must achieve its minimum goal of $25K before the deadline. The maximum amount the offering can raise is $107K.
Learn more

Deadline
illumnus needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Illumnus Inc. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
illumnus Crowd SAFE Illumnus Form C-A 04.06.2021.pdf Illumnus Form C.pdf

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in illumnus.
Invest
$250
Receive
  • Shoutout on social media
  • $5 contributed towards education for the underprivileged in India.
Invest
$1,000
Receive
  • Personalized 'Thank you' note from CEO
  • Shoutout on social media.
  • $20 contributed towards education for the underprivileged in India.
2 investors
Invest
$5,000
Receive
  • 1 year of free LXP subscription for a school you are associated with for all students, teachers, parents, and administrators.
  • Personalized and framed 'Thank you' note from CEO
  • Shoutout on Social Media
  • $50 contributed towards education for the underprivileged in India.
  • Limited (3 left of 5)
Invest
$15,000
Receive
  • 1 year of free LXP subscription for a school you are associated with for all students, teachers, parents, and administrators.
  • Invitation to the quarterly update meeting with the founding team and existing investors.
  • Personalized and framed 'Thank you' note from CEO
  • Shoutout on Social Media
  • $100 contributed towards education for the underprivileged in India.

About illumnus

Legal Name
Illumnus Inc
Founded
Jul 2018
Form
Delaware Corporation
Employees
12
Website
illumnus.com
Social Media
Headquarters
Google Map location of of illumnus
8 The Green , Dover, DE
Headquarters
8 The Green, Dover, DE, United States 19901

illumnus Team
Everyone helping build illumnus, not limited to employees

Profile picture of Akash Deep Singhal
Akash Deep Singhal
Founder & CEO
Profile picture of Akshaya Singhal
Akshaya Singhal
Chief Product Manager
Profile picture of Gauri Dehankar
Gauri Dehankar
Chief of Strategic Partnerships
Profile picture of Hrishikesh Kulkarni
Hrishikesh Kulkarni
Head of Growth & Investments
1 more team member
Akash Deep Singhal
Founder & CEO
Akshaya Singhal
Chief Product Manager
Gauri Dehankar
Chief of Strategic Partnerships
Hrishikesh Kulkarni
Head of Growth & Investments

Press

Started by IIT Bombay and BITS Pilani alumni, this edtech...
YourStory.com YourStory.com
·
Jul 24, 2020

As the edtech space gains steam during the lockdown, a number of players operating in the space have attracted investor a...

Illumnus: Taking the entire school online with features l...
The Financial Express The Financial Express
·
Jul 20, 2020

Within weeks of the first phase of the lockdown in March in India, well-known schools in the big cities launched online c...

Illumnus raises $100K from angel investors, HNIs
The Economic Times The Economic Times
·
May 19, 2020

MUMBAI: Edtech start-up Illumnus on Tuesday said it has raised USD 1,00,000 (about Rs 75 lakh) in seed funding from a gro...

Interview with BBC - Akash Singhal (CEO, illumnus LMS)
YouTube YouTube
·
May 14, 2020

During Coronavirus outbreak, where most of the businesses and industries are facing a massive slowdown or even shutdown, ...

Illumnus empowering education during the times of Coronav...
Higher Education Digest Higher Education Digest
·
Mar 23, 2020

During the unfortunate times when the novel coronavirus has reached India with a total of 147 cases reported in the count...

Logo of illumnus

illumnus

illumnus successfully raised $29,124 from 108 investors on July 24, 2021
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Rudolph, Jerry, manoj, Khairat, Randall, and 103 others invested. 33 Reviews
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