4-minute read
Why we invested in Eddi
Educational institutions and mission-driven organizations spend significant time to find, apply for, and manage grants, and to tie dollars to measurable outcomes. Across sectors, billions in public and private grant dollars go unused each year, and billions more are wasted in administering these dollars. Administrators may use paper and pencil, custom spreadsheets, or fragmented point solutions to manage complex compliance requirements across multiple funding streams. This inefficiency means mission-driven organizations leave critical funding on the table while spending precious staff time on manual processes. That’s why we invested in Eddi, a company building AI-native financial infrastructure to help every mission-driven organization take advantage of every dollar available to them, tapping into more than $1 trillion.
Solution
Eddi operates an end-to-end AI-powered financial operating system for mission-driven organizations to secure funding, optimize budgets, and measure impact. The platform serves schools and districts, nonprofits, local governments, and healthcare organizations through these integrated components. Match, Apply, and Win Funding: Eddi’s grant matchmaker uncovers relevant funding opportunities across federal, state, and private sources. The AI-assisted grant writing tool reduces application time and provides hands-on support for identifying and applying for competitive grants. Eddi deconstructs complex grant applications into to-do lists so users can create a first draft in minutes. With the help of a chat, users can make whole document edits, incorporating organizational context or more precise updates.
Budget, Track, and Share Data: The platform integrates with existing financial software, CRMs, case management systems, and student information systems to create a centralized hub for funds management. Organizations can manage project budgets, track spending against grant requirements, and maintain compliance through automated reporting and expert guidance. Eddi’s dashboards provide real-time visibility into financial health across multiple funding streams. Users can ask questions, generate insights, and create visualizations.
Analyze and Report Impact: Eddi’s integrations with ERPs and information systems enable organizations to “talk to their data” through conversational AI interfaces. The platform automates audit preparation and compliance reporting, reducing the time spent on these activities by approximately four months per year. Organizations can demonstrate outcomes to funders with clear dashboards linking dollars to measurable impact, strengthening public investment and improving grant renewal rates.
Why We Invested
Founder and CEO Jeremy Bhatia brings expertise perfectly suited to this problem, with 10 years of experience building tech in the education space, from working in schools to developing AI-powered curriculum tools. Eddi’s contracts span organizations with $10 million to $1 billion budgets across seven states, including partnerships with education service centers enabling over $1 million in distributed contracts. Eddi is positioned to become the system of truth where mission-driven organizations process, procure, and deploy funding.
Founder and CEO, Jeremy Bhatia
Impact
Eddi serves mission-driven organizations like school districts that are chronically under-resourced and struggling with administrative burden. In the first year alone, organizations can gain $1 million in value using Eddi. Customer districts have won $778,000 in new grant funding, recovered $600,000 through optimized financial processes, and saved approximately four months of staff time previously spent on manual grant applications, compliance reporting, and audit preparation. This operational efficiency allows organizations to redirect resources toward their core mission rather than administrative overhead. The platform’s AI-native design democratizes access to sophisticated financial management previously available only to large institutions with dedicated grant writers and compliance teams. For K-12 districts serving low-income communities, this means more dollars reaching classrooms; for nonprofits, it means more resources for direct services; for local governments, it means better stewardship of public funds. Eddi’s flexible architecture supports horizontal expansion across organization types (from education to healthcare to social services) positioning the company to drive systemic efficiency improvements across the entire ecosystem of government-funded organizations, ultimately ensuring that more available funding reaches the communities and populations that need it most.
