iteach
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iteach - overview
Established
2003
Location
Denton, TX, US
Primary Industry
Education/Training
About
iteach specializes in providing alternative teacher certification programs aimed at individuals transitioning into teaching, combining comprehensive training with innovative resources to enhance educator preparation. Founded in 2003 in Denton, US, iteach offers certification programs for aspiring teachers. The company has undergone significant growth since its inception and was acquired by Learners Edge, LLC, in July 2018. The founders include Asma Abdulhai, Diann Huber, Muhammad Safiullah, and Roba Hassan.
iteach primarily offers an alternative teacher certification program designed for individuals seeking to transition into the teaching profession. The program includes comprehensive training, innovative test preparation courses, and access to a robust library of instructional videos from Teaching Channel featuring exemplary K-12 teaching techniques. This initiative aims to address the nationwide shortage of qualified educators by providing support and resources to candidates, thereby enhancing their confidence and professional skills. The company caters to a diverse clientele including recent college graduates, career changers, and current paraprofessionals and substitute teachers looking to obtain licensure.
iteach operates across multiple states including Texas, Florida, Virginia, and others, facilitating access to its programs for prospective educators in various geographical markets. Revenue generation for iteach is primarily structured around enrollment fees and monthly subscription payments. Candidates pay an initial fee of USD 99 to enroll in the certification program, followed by monthly payments of USD 99 during their study period. This payment structure continues as candidates complete their two-semester field experience, with the remaining balance divided into equal installments throughout this period.
The program’s design allows iteach to establish a predictable revenue stream, directly tied to the number of enrolled students, contributing to its financial sustainability. These transactions are predominantly B2C, with the company focusing on building a supportive relationship with individuals seeking to become licensed educators. The collaboration with Khan Academy’s Khanmigo further enhances its value proposition, potentially increasing candidate enrollment and retention. Following its acquisition in July 2018, iteach aims to enhance its offerings and expand its reach.
The company is exploring the launch of new training modules and resources targeting specific educational needs by 2024. It also plans to extend its services to additional states beyond its current operations, focusing on regions with high demand for qualified educators. Funding from the acquisition is expected to support these initiatives, ensuring that iteach can effectively scale its operations and meet the evolving needs of its clientele.
Current Investors
Learners Edge, LLC
Primary Industry
Education/Training
Sub Industries
Education & Training Website, Education & Training Services
Website
www.iteach.net
Verticals
EdTech
Company Stage
Add-on
Total Amount Raised
Subscriber access only
iteach - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | iteach | - |
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