Stellic Inc.

Stellic Inc. is an innovative provider of degree management tools designed to enhance academic success by empowering students and advisors with data-driven insights and personalized planning capabilities. Founded in 2017 in San Francisco, US, Stellic Inc. specializes in degree management solutions for educational institutions.

The company was co-founded by Rukhsar Neyaz and Sabih Bin Wasi, who is also the CEO. In its most recent funding round, which occurred on March 22, 2022, Stellic raised USD 11. 00 mn led by Reach Capital, bringing the total amount raised to USD 11. 00 mn across three deals.

Stellic offers a suite of next-generation degree management tools designed to facilitate academic success across campuses. Their core product allows students to create personalized degree plans, track their academic progress, and visualize the consequences of their academic choices through a user-friendly digital interface. Advisors benefit from tools that provide real-time insights into student performance, enabling proactive support through alerts for at-risk students. Additionally, Stellic streamlines administrative processes, reducing time spent on tasks like degree audits and graduation certifications.

The platform serves a diverse clientele, including educational institutions focused on enhancing student engagement and graduation rates, particularly in North America and Europe, where their modular solutions are tailored to meet the specific needs of various educational settings. Stellic's revenue generation model primarily revolves around a subscription-based structure, where educational institutions pay for access to their comprehensive degree management platform. This B2B model suggests that clients, including universities and colleges, enter into licensing agreements for the use of Stellic's services, which may include various pricing tiers based on institutional size and specific features utilized. Transactions typically involve annual or multi-year contracts that encompass access to the full suite of Stellic’s tools, including degree planning, advising enhancements, and administrative reporting functionalities.

The company focuses on providing value through increased student engagement and improved retention rates, thereby aligning their revenue growth with the success outcomes of their client institutions. With the recent funding of USD 11. 00 mn, Stellic Inc. plans to enhance its team and community of institutional partners while further developing student-centric capabilities within its platform.

The company aims to reach new critical touchpoints in the student journey and expand its offerings to additional educational markets in North America and Europe by the end of 2023. This strategic growth is aimed at improving academic outcomes and operational efficiency for educational institutions.