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

  • Texas funded 109,000 students for 2026-27, validating Odyssey's largest deployment.
  • Missouri's Close the Gap and Texas TEFA expand Odyssey's state-level footprint.
  • Odyssey's clean audit claims and immutable ledger pitch reassure procurement officers.

What critics are saying

  • Texas TEFA's 274,000 applications and waitlists expose Odyssey to service failures and political backlash.
  • ProPublica reported Iowa misrepresentation allegations and a $478,656 interest repayment order.
  • ClassWallet and LearningSpring target Odyssey's core niche, threatening commoditization by 2027.

What makes Odyssey unique

  • Odyssey claims the only automated end-to-end school choice platform, anchored by Texas TEFA.
  • Texas Comptroller selected Odyssey in 2026 for TEFA portal, payments, and support.
  • Odyssey spans 10 states and $2B+ distributed, giving governments one vendor.

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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

↑ 3%

1 year growth

↓ -2%

2 year growth

↓ -6%
RealClear Education
Aug 24th, 2026
Texas proves school choice can work at scale.

Texas proves school choice can work at scale. August 24, 2026 As summer draws to a close and millions of students begin packing their backpacks to return to the classroom, Texas is crossing a historic threshold. For the first time, families can choose the educational path that is best for their children. Thanks to the successful rollout of Texas Education Freedom Accounts, the educational landscape in the Lone Star State has fundamentally shifted. So too has the opportunity for other states to emulate the success that Texas has experienced. I've dedicated my career trying to turn the promise of school choice into reality. First as a teacher, then as an attorney fighting for the education freedom rights of parents and their children. Today I lead Odyssey, the nation's leading technology platform that partners with government agencies and scholarship granting organizations to expand access to high-quality educational opportunities for families. Bringing new educational choices to parents in a state as large and varied as Texas - and in less than a year after the legislature approved the program - was no small undertaking. When the program's portal first opened, an overwhelming 274,000 applications poured in. Meeting that demand was a challenge RealClearEducation, LLC welcomed. Odyssey was proud to have been selected, after a competitive procurement, to partner with the State of Texas and the Comptroller of Public Accounts to launch the largest first-year school choice program in the nation's history. In order to meet the moment, RealClearEducation, LLC developed a secure, easy-to-use platform that allows families to utilize their funds for tuition, school supplies, and courses, providing a modern experience that feels more like a private marketplace than a typical government program. For parents, the experience is simple, secure, and mobile-friendly, ensuring they don't have to navigate a bureaucratic maze to find the right option for their child. Importantly, it also gives them the peace of mind that every option put in front of them comes from vetted providers and vendors chosen specifically to meet the requirements set out under Texas law. Today, more than 109,000 students have officially been funded for the upcoming school year, and Texas has passed Arizona and become the second largest school choice program in the nation in just its first year of existence. Perhaps most importantly, these Education Freedom Accounts are delivering for the families that need it most, with initial demographic data showing that 80 percent of participating students come from families with a household income below 200 percent of the federal poverty level. Nearly 25 percent of the funded students have a qualifying disability, allowing those with special needs who have historically been trapped in underperforming schools to finally access specialized therapies, tailored tutoring, and schools that were previously out of reach. None of that happens by accident. Rather than shying away from the forces of free market competition in education, Texas has fully embraced it, creating a dynamic that encourages schools to deliver better results to earn the trust of newly-empowered families with the financial resources to direct their child's award dollars - ranging anywhere from $10,000 to $30,000 annually - toward the program that suits them best. While the successful rollout of the state's first-year school choice program is a monumental achievement in and of itself, Texas is just getting started. State data found that there are more than 100,000 students on the year-one waitlist, with parents eager to seize the new opportunities that education freedom can help deliver for their children. By standing up one of the largest education freedom programs in the nation, Texas has demonstrated that any state can advance and scale school choice to meet the needs of students and their families - it just needs the political will and courage to make it happen. Joseph Connor is the Founder & CEO of Odyssey. Support RealClear, independent journalism. Carl Cannon, RCP Executive Editor "Information wants to be free!" was a rallying cry at the dawn of the Internet Age. The paradox is that information also "wants to be expensive." At RealClearPolitics, RealClearEducation, LLC provide news and information spanning the ideological spectrum - without a paywall. That's the "free" part. But producing quality journalism means paying reporters, editors, aggregators, tech team, and the analysts who curate RCP's renowned polling averages. That's the expensive part. If you value independent news and seeing a diversity of viewpoints, please consider making a tax-deductible donation to RealClear Media Fund. Every dollar you donate is an investment in an informed public discourse and holding government and other key institutions accountable. Your support helps RealClearEducation, LLC put First Amendment theory into real-world practice. Sincerely, Carl Cannon Executive Editor RealClearPolitics Recommended Newsletters Carl M. Cannon's Morning Note headlines against the historic events Education Today Featuring the latest education news Recommended Newsletters Carl M. Cannon's Morning Note headlines against the historic events Education Today Featuring the latest education news RCP Takeaway Examining political events Podcast

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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