Framework raises 2 million dollar funding

Framework, a new startup that offers educational courses on entrepreneurship and business development, has raised $2 million in seed funding led by Canaan Partners. The company aims to bridge the gap between higher education and startups by providing an online ‘on-demand’ business school for entrepreneurs who are looking to start their own business or scale a current one.

Framework, which was founded in 2016 by former General Assembly executives Mitch Neff and Greg Rogers, offers courses on topics such as lean startup methodology, fundraising for early-stage startups, and product management to name a few.

The idea is that these classes can help individuals who are looking to start their own business or strengthen the operations of an existing company with practical strategies based on sound academic principles from universities like Stanford University and Harvard Business School.

ALSO READ :  4 keys to international expansion – NewsNifty

According to its website, Framework has been endorsed by Y Combinator CEO Sam Altman among other notable investors around Silicon Valley who have said they would “sign up” the second it becomes available. So far-ranging between $20-$50 per month depending on the package purchased, Framework has been used by several notable entrepreneurs including the founder of Giphy and an executive from Uber.

Framework’s seed round was led by Canaan Partners with participation from SV Angel, General Catalyst, Maveron Ventures, and others which will be used towards expanding to new markets internationally in addition to growing its current team that currently consists of 12 employees.

ALSO READ :  With $62.5M in debt financing, Road Runner Media puts digital ads behind commercial vehicles – NewsNifty

The company expects a Series A later this year that would bring additional capital to scale out its platform for global users while continuing international expansion beyond New York City where it is based today.

In terms of competition within online educational platforms specifically focused on entrepreneurship or business development topics such as Codecademy or Udacity there are few competitors at least in the States who have raised funding rounds approaching the size of Framework.

You May Also Like

BuzzFeed uses AI to create romantic partners in its latest quiz – NewsNifty

A new BuzzFeed test is the first in what Director of Product…

Will your neighbors get vaccinated?

As the Covid antibodies have turned out across the US, the cycle…

Omar Abdullah: Party Will Decide on Whether He Has to Contest Lok Sabha Election in JK

National Conference (NC) Vice-President Omar Abdullah announced that NC President Farooq Abdullah…

iOS 15: Find more information about the latest iOS from Apple

It was a monstrous accomplishment that Apple held its WWDC 2021 event…