Scholly

Scholly - Online Services

SchollyDealChildren & EducationWebsitePhiladelphia, PAby Christopher GrayS6E20

Pitch Details

Season / Episode

S6E20

Feb 20, 2015

Ask

$40,000

for 15%

Ask Valuation

$266,667

Deal

$40,000

for 15%

Watch the Pitch

Deal Terms

Amount$40,000
Equity15%
Valuation$266,667

What Happened Next

Acquired

Acquired by Sallie Mae in 2023 for undisclosed sum

$5M

estimated

  • Deal with Lori Greiner and Daymond John
  • $30M+ total revenue
  • 5 million app users
  • $100M+ in scholarships helped
  • Acquired by Sallie Mae in 2023
  • Now free for all students as Scholly by Sallie
  • Daymond John reported 40x return on investment

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