Edtech startup Augment.org has raised $6 million in its recent seed round. The investment was led by RTP Global, with participation from Motier Ventures, Origins Fund, Kima Ventures, Bpifrance, Financière Saint James, and several angel investors.
Augment.org provides online educational courses, which include mainly its MBA program, “The Augment MBA,” as well as many other mini-programs like the Entrepreneurship Program, the Sales Program, etc. The whole program is in English and is online video-based, where students can complete it at their own pace and, upon completion, get a certificate. The Augment MBA program is taught by entrepreneurs like the founders of Wikipedia, YouTube, Shazam, Waze, etc.
The company has already enrolled 500 students in the program, and apart from the video-based course, it also focuses on community and networking, which is also an essential part of being an MBA student. It mainly targets aspiring entrepreneurs, managers, and leaders, as well as technical professionals who want to upgrade their knowledge in business and management.
Ariel Renous and Roy Wellner are the co-founders of the company, and it is headquartered in New York, United States.