EdVisorly, an AI-powered enrollment technology company serving higher education institutions, announced it has raised $13.3 million in Series A funding to accelerate product development, expand customer support, and help colleges and universities modernize admissions and enrollment operations.
The funding round was led by Breachway Capital, with participation from U.S. News & World Report, Lumina Foundation, Strada Education Foundation, Motley Fool Ventures, Juvo Ventures, Zeal Capital Partners, and other investors.
EdVisorly plans to use the new capital to enhance its EddyAI platform, strengthen engineering and product development, and expand its implementation and partner success teams as demand for AI-driven enrollment technology continues to grow.
Higher education institutions are increasingly challenged to process larger application volumes, evaluate transfer credits, and deliver faster admissions decisions despite staffing shortages and budget constraints. EdVisorly addresses these challenges by automating labor-intensive tasks such as transcript processing, transfer credit evaluation, GPA recalculations, and admissions workflows.
According to the company, institutions using EddyAI have reduced manual processing by up to 85% while increasing admissions data processing productivity by more than sixfold.
Today, EdVisorly partners with more than 100 colleges, universities, and higher education systems across the United States, including the University of Connecticut, California State Polytechnic University, Pomona, University of Massachusetts, and Carnegie Mellon University.
Founded by Manny Smith, an Air Force veteran and graduate of both the U.S. Air Force Academy and UC Berkeley Haas School of Business, the company was created to remove barriers that slow and complicate the college admissions process. Smith drew from his own experience navigating higher education to build technology that helps institutions improve efficiency while providing a more transparent and student-centered experience.
Since March, EdVisorly has more than doubled the size of its engineering and product organizations and added new leadership, including a chief technology officer and chief operating officer with extensive education technology experience.
Beyond product innovation, the company will invest heavily in customer success by expanding onboarding, implementation, and adoption resources designed to help colleges deploy modern enrollment technology more quickly and effectively.
KEY QUOTES:
“From day one, EdVisorly has been built on the belief that college and university enrollment teams play a critical role in the lives of students. As the front door to social and economic opportunity for millions of students, our partner institutions are shaping the future of our communities, one decision at a time. They deserve an innovative and values-aligned partner dedicated to driving long-term success. This Series A is EdVisorly’s commitment to our institutional partners that we’re going to keep building to elevate access, outcomes, and opportunity for the next generation of students.”
Manny Smith, Founder & CEO, EdVisorly
“Higher education institutions are being asked to deliver more support, more transparency, and better outcomes for students than ever before. What impressed us about EdVisorly is not just the technology, but the company’s deep understanding of the challenges enrollment leaders face every day and its commitment to helping institutions better serve students and families. We believe EdVisorly is building an essential platform for the future of admissions and enrollment, and we’re excited to support the company in its next chapter of growth, maturity, and impact.”
Jason Krantz, Managing Partner and Founder, Breachway Capital
“What sets EdVisorly apart is that they show up like an actual partner and care deeply about the students. Their team has been in the weeds with ours through the EddyAI implementation, and the impact on our students and staff has been tangible and positive. We’re proud to be part of what they’re building.”
Lawrence Walsh, Associate Director for Operations and Transfer Admissions, University of Connecticut
