Odyssey

Odyssey

Platform for managing ESAs and microgrants

Overview

Odyssey runs a platform that manages Education Savings Accounts (ESAs) and microgrant programs funded by states. It serves as a turnkey system for states to process applications, track payments, prevent fraud, and handle ongoing support, reducing administrative work. For parents, the platform offers a marketplace to browse and buy educational products and services—such as private school tuition, therapies, educational software, and tutoring—using state funds. Vendors like private schools, tutors, and software providers can become approved partners and access a larger market, making it easier to enroll students, bill, and get paid. The company makes money by selling the platform as a service to states and potentially earning transaction fees or vendor subscriptions. Odyssey’s goal is to streamline the allocation and use of educational funds, connect states, parents, and vendors, and expand parental choice in educational resources.

About Odyssey

Simplify's Rating
Why Odyssey is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Government & Public Sector

Enterprise Software

Education

Company Size

51-200

Company Stage

Series A

Total Funding

$14.8M

Headquarters

New York City, New York

Founded

2021

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Simplify's Take

What believers are saying

  • Missouri expanded Odyssey on June 3, 2026, before the 2026-27 school year.
  • Odyssey now supports 13 programs across 10 states and 235,000 students.
  • Texas TEFA caps Odyssey fees at $50 million in year one, creating major near-term revenue.

What critics are saying

  • Texas audits flagged Odyssey administration costs as higher by 2027, squeezing margins.
  • Missouri and Texas dependence concentrates revenue inside politically volatile school-choice programs.
  • Odyssey faces oversight scrutiny; a mistake in Texas could trigger contract loss and reputational collapse.

What makes Odyssey unique

  • Odyssey runs end-to-end ESA infrastructure, not just payments, across 10 states.
  • Texas selected Odyssey in October 2025 for its $1 billion TEFA program.
  • Odyssey claims real-time eligibility verification under one second, beating 30-60 day norms.

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Funding

Total Funding

$14.8M

Below

Industry Average

Funded Over

2 Rounds

Notable Investors:
Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Below Average

Industry standards

$15M
$8.2M
Discord
$10M
Odyssey
$15M
Canva
$30M
Kalshi

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Unlimited Paid Time Off

Growth & Insights and Company News

Headcount

6 month growth

-7%

1 year growth

-8%

2 year growth

-7%
VCNewsDaily
May 30th, 2024
Odyssey Secures $10 Million Series A Funding

NEW YORK, NY, Odyssey, a startup providing a school choice platform, announced it secured $10 million in Series A funding.

Citybiz
May 29th, 2024
Odyssey Secures $10 Million Series A Funding

Odyssey secures $10 million Series A funding.

Missouri Department of Elementary and Secondary Education
Sep 20th, 2023
Missouri Department of Elementary and Secondary Education and Odyssey Launch the Close the Gap Grant Program

Today, the Missouri Department of Elementary and Secondary Education (DESE) and Odyssey, a platform that helps states connect families to public funding and education services, announced the launch of the Missouri Close the Gap Grant program.

FinSMEs
Oct 27th, 2022
Odyssey Raises $4.75M in Seed Funding

Odyssey (formerly known as Agora), a New York-based provider of a platform that helps states connect families to public funding and education services, raised $4.75m in Seed funding

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