UPDATE - FE International Advises Acquisition of Smodin
17 Julio 2024 - 3:49PM
FE International, Inc., the global market leader in mid-market
technology mergers and acquisitions (M&A), announces the
strategic acquisition of Smodin, a leading multilingual
student-focused company using AI to address students’ largest
learning challenges, by a portfolio operator specializing in tech
startups. FE International served as the exclusive sell-side
M&A advisor of the transaction.
Developed in 2017, Smodin leveraged its internally modeled
research and development to stay ahead of the generative AI craze
with its own Large Language Models. Smodin serves as a supplemental
writing and research tool for students, intended for everyday use
and challenging the full integration and use of AI within the
education system.
“Smodin was born out of my personal journey as a self-taught
engineer. I wanted to create a tool that would empower students the
way I wished I had been supported. This passion project evolved
into a powerful AI-driven writing assistant that helps students
across the globe better navigate their academic challenges,” said
Kevin Danikowski, CEO and Founder of Smodin.
Investors in edtech are increasingly looking for stable teams
with proven track records. Success in the sector requires, not just
innovative solutions, but also experience and reliability.
“FE International's extensive experience in the edtech sector
has been instrumental in facilitating deals like this, enabling us
to continue delivering valuable deals for our clients and top-tier
educational solutions,“ said Randal Stephenson, the Head of
Investment Banking at FE International.
About SmodinAI is uniquely positioned to remove
some of the biggest learning roadblocks facing students and writers
today: writer's block, information overload, and conceptual gaps.
Smodin is a multilingual student-focused company using AI to
address students’ largest learning challenges. Inspired by the
biggest challenges students and writers face, Smodin’s mission is
to make writing and learning as easy as possible. We at Smodin
believe education should be fun and simple. Whether a student
struggles with writing, language, or subject difficulty, we give
students the tools they need to get the most out of their academic
journey.
About FE InternationalFounded in 2010, FE is
known for its extensive network of pre-qualified international
investors. Its team includes experts in exit planning, valuation,
accounting, legal and more. FE serves clients worldwide with
headquarters in New York and regional offices in Miami, San
Francisco, London, Mumbai, and Warsaw. It was named one of The
Americas' Fastest Growing Companies in 2024, 2023, 2022, 2021 and
2020 by The Financial Times and is also a five-time Inc. 5000
company. For more information, visit www.feinternational.com.
Contact:
kcothron@kcsa.com