Add-on Acquisition • Internet Software and Services

Edly Acquires Avenify

On January 20, 2022, Edly acquired internet software and services company Avenify

Acquisition Context

This is Edly’s 1st transaction in the Internet Software and Services sector.
This is Edly’s 1st transaction in the United States.
This is Edly’s 1st transaction in New York.

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M&A Deal Summary
Date	January 20, 2022
Target	Avenify
Sector	Internet Software and Services
Buyer(s)	Edly
Deal Type	Add-on Acquisition

Target Company

Avenify

New York, New York, United States

Avenify is a platform that builds better financial and career services for nurses, starting with student financing. Avenify enables nursing students to pay for school with fairer, more accessible financing and help them get a job once they graduate. Avenify was founded in 2018 and is based in New York City.

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Buyer Overview 1

Buyer

Edly

New York, New York, United States

Category	Company
Founded	2019
Sector	Internet Software and Services

DESCRIPTION

Edly is a platform that connects students looking to fund college tuition with investors looking to support social impact investments in education. Edly focuses on a type of tuition funding known as income-based repayment loans ("IBR loans"), the only regulated student lending model of its kind in the private sector. Edly was founded in 2019 and is based in New York City.

Deal Context for Buyer	#
Overall	1 of 1
Sector: Internet Software and Services	1 of 1
Type: Add-on Acquisition	1 of 1
State: New York	1 of 1
Country: United States	1 of 1
Year: 2022	1 of 1

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