One Laptop Per Child

General Information
Company Name
One Laptop Per Child
Founded Year
2005
Location (Offices)
Cambridge, United States +1
Founders / Decision Makers
Number of Employees
54
Industries
Education, Energy, IT
Funding Stage
Seed
Social Media

One Laptop Per Child - Company Profile

One Laptop Per Child Association, Inc. (OLPC), founded in 2005, is a U.S. non-profit organization focused on creating affordable educational devices for the developing world. Its mission is "To create educational opportunities for the world's poorest children by providing each child with a rugged, low-cost, low-power, connected laptop with content and software designed for collaborative, joyful, self-empowered learning." The organization's current focus is the development, construction, and deployment of the XO-1 laptop. OLPC operates in the Education and Energy industries and is headquartered in the United States. In September 2010, OLPC received a $1.00M investment in a Seed Round from the Hult Prize Foundation. This investment reflects the interest and support from organizations dedicated to empowering education and technology in underserved communities, aligning with OLPC's mission. This funding likely assisted OLPC in furthering its efforts to provide educational opportunities to disadvantaged children. OLPC's commitment to addressing educational inequality through innovative technology and its investment from the Hult Prize Foundation signifies the potential for impactful social change and sustainable development. This aligns with the objectives of venture capital firms seeking investments with a strong social impact and potential for scalability. The combination of a compelling mission, industry relevance, and investment support positions OLPC as a notable player in the intersection of education and technology.

Taxonomy: educational technology, non-profit organization, affordable devices, developing world, educational opportunities, low-cost laptops, connected learning, self-empowered learning, equity, energy solutions, renewable technologies, third world development

Funding Rounds & Investors of One Laptop Per Child (1)

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Funding Stage Amount No. Investors Investors Date
Seed Round $1.00M 1 20 Sep 2010

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