Market Overview

Indiana Startup Codelicious Raises $940,000, Continues to Accelerate Computer Science Curriculum Into the Classroom

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Computer science curriculum startup Codelicious
announced a close to its $940,000 financing round, oversubscribing the
$500,000 goal. Investors included Collina
Ventures
, GRE Capital and Elevate
Ventures
, among others.

Across the state, computer science positions are in high demand and the
need to educate students earlier in this field continues to rise.
However, elementary and middle school teachers often cite challenges
related to a lack of skills, a lack of resources (lesson plans) and a
lack of professional development. Codelicious helps alleviate all three
of these pain points, providing instant access to computer science
curriculums for grades 3-8 that educators can teach in the classroom.

The platform enables instructors to build their coding skills while
building skills in their students. Utilizing a patent-pending
technology, Codelicious' full-semester, interactive, comprehensive
skills-building curriculum ensures that teachers are always connected
with the most current technology. Through their model, Codelicious
strives to build confidence in educators and students in the classroom.

"At Codelicious, we are creating access and removing barriers to
teaching and learning computer science," said Christine McDonnell,
Codelicious CEO. "We believe in the importance of building foundational
skills early to prepare the workforce of tomorrow. This belief drives
our focus to develop courses that any educator can confidently teach,
regardless of their computer science background and that engage students
of all learning styles."

Codelicious has been building its curriculum since 2016, driven by a
desire to provide elementary and middle school students with a
foundational skills building, interactive and collaborative experience.
In January 2017, Codelicious began to offer computer science curriculum
through a SaaS subscription model, calling it Curriculum as a
Service. Codelicious landed their first school district in spring 2017,
and has been adding private, charter and public schools ever since.

A growing number of states, including Indiana, are advancing initiatives
to integrate computer science into the classroom. Codelicious' mission
aligns with one of Governor
Holcomb's priorities
, which requires all schools to offer at least
one computer science course by 2021.

"Under Governor Holcomb's leadership, Indiana is committed to equipping
its workforce with the skills needed to fill jobs in high-wage,
high-demand sectors like technology," said Elaine Bedel, president of
the Indiana Economic Development Corporation (IEDC). "Startup companies
like Codelicious play a critical role in these efforts, helping Hoosier
educators integrate computer science training in the classroom. As a
graduate of the first gBETA Indy program, we are excited to see
Codelicious leveraging Indiana's entrepreneurial network to fuel its
development and reinvest in our growing, high-tech ecosystem."

Codelicious was also one of five Indiana-based startups to participate
in gBETA
Indy
, a free, seven-week accelerator program co-hosted by gener8tor
and the IEDC. In strategic partnership with the IEDC, Elevate Ventures
invests in early-stage companies like Codelicious through the 21st
Century Research and Technology Fund, which promotes economic growth and
innovation-driven public-private partnerships in Indiana.

"Codelicious has a rare opportunity. The startup is poised to impact not
only the state's current entrepreneurial ecosystem, but also its future
one. Through the platform, students are better poised to fill
high-demand tech positions and perhaps build their own future startups
here in Indiana," said Chris LaMothe, Elevate Ventures CEO. "Our
decision to invest in Codelicious' long-term goals is validated by the
state's and Governor Holcomb's priorities to focus on the growth of our
talent."

Codelicious will use the funding raise to accelerate growth through
scaling sales and marketing efforts, building out intellectual property
and adding critical personnel that will drive scalable growth.
Currently, Codelicious has 10 paying clients with additional clients in
the pipeline.

About Codelicious

Codelicious builds confidence in educators and students in the classroom
by providing instant access to computer science curriculum for grades
3-8 that any educator can teach. Utilizing a patent pending technology,
Codelicious' full-semester, interactive, comprehensive skills-building
curriculum ensures that teachers are always connected with the most
current technology. Since launching their curriculum-as-a-service model
in January of 2017, Codelicious has secured paying clients with revenues
of over $100,000.

About Elevate Ventures

Elevate Ventures is a private venture development organization that
nurtures and develops emerging and existing high-growth businesses into
high-performing, Indiana-based companies. Elevate Ventures accomplishes
this by providing access to capital, rigorous business analysis and
robust advisory services that connect companies with the right mix of
resources businesses need to succeed long term. To learn more about
Elevate Ventures, visit elevateventures.com.

About IEDC

The Indiana Economic Development Corporation (IEDC) leads the state of
Indiana's economic development efforts, helping businesses launch, grow
and locate in the state. Governed by a 15-member board chaired by
Governor Eric J. Holcomb, the IEDC manages many initiatives, including
performance-based tax credits, workforce training grants, innovation and
entrepreneurship resources, public infrastructure assistance, and talent
attraction and retention efforts. For more information about the IEDC,
visit www.iedc.in.gov.

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