Vertitech S.A. - Classter Kavala, Greece

Company Website: https://www.classter.com/

Company Email: info@classter.com

Employees: 30

Funding State: Seed


Industries

  • EduTech - Education

Technology

  • Cloud Computing

Business Model

  • B2B2C

Revenue Model

  • Licencing
  • SaaS

Funding Sources

  • VC

About

Classter is an all-in-one, cloud-based, modular Student and Learning Management System with SaaS architecture, that addresses the needs of all educational institutions in every level of education: K12, Higher Ed, Academies.
Developed and hosted in Microsoft Azure’s infrastructure.
Classter is an end-to-end solution with the combined functionality of an: SIS, LMS, ERP & CRM System.


Solution & Product

Personalized Portals: Classter provides each user with a personalized portal with valuable information that is relevant to each shareholder
Admin Portal: Classter gives administrators a portal with all the necessary tools, to set up the Classter Student and Learning Management System and have complete control over student’s and teacher’s data (session, attendance etc.). Admin users can create, manage and configure the terminology and structure of their Educational Institutions. Student Portal: The Student Portal allows students to keep track of their academic and extracurricular activities with their personalized calendar of events and teaching sessions, among other things. The announcement list and smart notifications keep students up to date with their duties and they also provide information about what is going on in their Institution.
Teacher Portal: Teachers have their own customized portal with the ability to monitor classes, subjects and student data. They have also a comprehensive dashboard page with a complete overview of their schedule, announcements, notifications etc. In addition, teachers can plan out their sessions for each subject and invite students to online sessions through Classters integration with synchronous distance learning tools such as MS Teams, Zoom or WebEx.
Parent Portal: Parents have their own customized portal, so they can follow their children's weekly or monthly schedule. They have access to children's academic progress.


Innovation & Scalability

With Classter you can get rid of your fragmented IT infrastructure. We provide an all-in-one, cloud-based platform that offers an affordable solution for the administration of educational institutions of any size. That’s because Classter combines the functionality of different type of solutions: SMS, LMS, ERP, CRM.


Traction & achievements

Over 600 customers in 35 countries.
· 1.15Μ Revenue in 2022.
· 15 worldwide partners/resellers (focus on MENA region)
· Seed financing 700K€ from Odyssey Venture Partners in 2015
· Worldwide TAM for EdTech solutions: $252Β in 2020 (A.I.-based EdTech systems expenditure in 2025: $6B)


Team & Why Us

Target Clients
-Mid sized Κ12 - Academies - 2K-10K ARR / 1.000-5.000 Students
-Larger Higher Education Institutions in targeted markets (USA, Germany, Established Markets)
-Small Academies
Growth - Target Markets
-Colleges-K12 Schools in the USA (outbound & DM approach)
-K12 Schools in Germany (low budget approach-localization effort)
-Increase sales & market share 2x in Greece-Cyprus markets (outbound approach mainly)
-Increase revenue from Partner's network 2x

Financial Targets 2023
-Net Sales: 1.5M
-ARR: 1Μ
-New ARR: 300K
-New Clients: #100


Funding Needs

We're looking for raising 2-5M € in a round A fundraising for financing our growth strategy in larger markets such as USA and Germany.


ONE LINER

We provide a cloud-based platform for the digital administration of educational organizations


TEAM

Theodoros  Dimitrakoudis
Theodoros Dimitrakoudis, CFO
Josip Ralašić
Josip Ralašić, CMO

FUNDING

2016 - Seed, VC EUR 750K, Odyssey Investment Partners

PATENTS


AWARDS

2022 - Services Venture Impact Awards from The Hellenic Initiative
2021 - Services Cloud Computing Awards
2020 - Services Education Technology Insights
2019 - Services SEPE

INCUBATIONS/ACCELERATIONS

2019 - Program SXSW International Pitching Competition

Jobs


Perks