BREAKING  Texas selects Odyssey to run its Education Freedom Accounts program (2025) 140,000+ students served $400M+ in state education funding processed $10M Series A led by Tusk Venture Partners Eligibility verified in under 1 second Founded 2021 · New York BREAKING  Texas selects Odyssey to run its Education Freedom Accounts program (2025) 140,000+ students served $400M+ in state education funding processed $10M Series A led by Tusk Venture Partners Eligibility verified in under 1 second Founded 2021 · New York
Odyssey company logo
Company Profile · Govtech / Edtech / Fintech

Odyssey.

The quiet operating system for school choice - turning state education laws into working software for families.

Odyssey's hexagon logo, as filed with its 2024 Series A announcement. The New York company builds the platform states use to administer education savings accounts.

ESA Administration Digital Wallets Regulated Marketplace B2G SaaS
2021
Founded
$14.75M
Total Raised
~71
Employees
8+
States Served
The Frontpage Story

The Company Behind the Paperwork of School Choice


When a state legislature passes a school-choice law, the headlines land on the politics. The harder problem shows up the next morning: someone has to build the digital wallet, verify that a family qualifies, cut the check to a tutor, vet the vendors, and produce an audit trail a state comptroller can defend. Odyssey is the company that does that work.

Founded in 2021 and based in New York's Hudson Square, Odyssey describes itself as the first technology platform built exclusively to administer education savings accounts (ESAs) and microgrant programs. Unlike traditional vouchers - which typically send tuition straight to a private school - ESAs give families a state-funded account they can spend across approved categories: tuition, tutoring, curriculum, technology, and enrichment. That flexibility is the point, and it is also what makes the programs hard to run. Odyssey's platform stitches together the three parties who rarely speak the same language: states that fund the programs, vendors who provide the services, and parents who spend the money.

The company's founder and CEO, Joseph Connor, did not arrive from a payments startup. He started as a classroom teacher in Washington D.C., Philadelphia, and San Jose, then went to law school and worked on school-choice policy and litigation, including the landmark case Espinoza v. Montana Department of Revenue. That background shapes the pitch: Odyssey treats a government application not as a form to endure but as a checkout flow to optimize - because a confusing application means eligible families never enroll.

We really believe strongly that the best way to empower parents is through these types of programs, and so we want to make sure that they're accessible to everyone.

Joseph Connor · Founder & CEO, Odyssey
What It Does · The Problem It Solves

From a 60-Day Wait to One Second

The core bottleneck in these programs is verification. Confirming that a child is eligible has traditionally taken weeks - Connor cites a typical 30-to-60-day timeline - as agencies cross-check records by hand. Odyssey says it built the first real-time identity verification for these programs, determining eligibility in under one second. Speed is not a cosmetic feature here; a family that gives up during a month-long wait is a family that never accesses the funding it was entitled to.

From there, the platform runs the whole loop: educating parents on what they qualify for, managing applications, disbursing funds into wallets, letting schools accept tuition, operating a state-regulated marketplace of vetted vendors, processing payments, and handing states the audit and analytics they need to answer to taxpayers.

  • Parent education & eligibility guidance
  • Application management with real-time identity verification
  • Fund disbursement into digital wallets
  • State-regulated e-commerce marketplace
  • Vendor onboarding & compliance
  • Payment processing for tuition & services
  • State audit, reporting & data analytics
Products & Services

One Platform, Five Jobs


Core

ESA & Microgrant Platform

End-to-end administration: parent education, eligibility, applications, disbursement, and reporting for state programs.

Verification

Real-Time Identity Check

Eligibility determinations in under a second - the company's answer to the traditional 30-60 day wait.

Marketplace

Regulated E-commerce

A digital-wallet marketplace where families spend approved funds on tuition, tutoring, curriculum and technology.

Payments

Fund Disbursement Rails

Routes state-approved dollars to schools and vendors with transaction-level tracking.

Compliance

Audit & Analytics

Reporting tools that give state agencies visibility into spending and program outcomes.

Model

How It's Paid

States pay per student, plus transaction and processing fees. Parents and vendors use it through the program.

Customers & Market

Who Uses It, and Where It Fits

Odyssey's paying customer is the government. State agencies contract the company to run their programs; parents and vendors are the end users who never see a subscription bill. That B2B2C shape is deliberate - selling to the entity that writes the rules is how a company of ~71 people ends up moving hundreds of millions in public money.

The company reports helping 140,000+ students access $400M+ in state education funding, with programs administered or supported across Iowa, Idaho, Missouri, Georgia, Louisiana, Utah, Wyoming, and - as of 2025 - Texas. Its position sits at the intersection of three markets that rarely overlap: govtech, edtech, and fintech.

Govtech

Contracts with state agencies to run public programs and stay audit-ready.

Edtech

Serves K-12 families and an education-vendor network.

Fintech

Digital wallets, disbursement, and payment processing at the core.

How It's Different

Built For One Job, Not Retrofitted

Odyssey's claim is focus. Where general-purpose fund-administration tools - competitors include the likes of ClassWallet, Merit, and Student First Technologies - adapt existing systems to ESA rules, Odyssey says it designed its stack specifically for education savings accounts and microgrants from the start. The proof points it leans on are throughput and speed: in Idaho's Empowering Parents program, it processed more than 42,500 applications from 19,000 parents within 30 days of launch, and it markets sub-second eligibility as a category difference rather than an incremental one.

That focus cuts both ways. Administering public money invites scrutiny - Odyssey's contracts and fees have drawn audits and press coverage as it has expanded, particularly around its larger state deals. Building in the public square means the accountability is part of the product surface, not a footnote.

The Journey

Odyssey, By the Milestone


2021

Founded in New York

Joseph Connor launches Odyssey to build technology for administering ESAs and microgrants.

2022

Idaho Empowering Parents launch

Administers Idaho's $50M grant program, processing 42,500+ applications in the first 30 days.

2022

$4.75M seed round

a16z's American Dynamism practice leads, with Village Global, Bling Capital and Avalanche VC.

2023

Iowa Students First ESA

Named administrator for Iowa's new Students First education savings account program.

2024

$10M Series A

Tusk Venture Partners leads a round to expand school-choice technology nationwide.

2025

Texas Education Freedom Accounts

The Texas Comptroller selects Odyssey to administer the state's new ESA program tied to a ~$1B allocation.

Funding

$14.75M Across Two Rounds

Seed · Oct 2022$4.75M
$4.75M
a16z (American Dynamism) · Village Global · Bling Capital · Avalanche VC · Packy McCormick
Series A · May 2024$10M
$10M
Tusk Venture Partners (lead, Bradley Tusk) · a16z (Katherine Boyle) · Bling Capital (Ben Ling) · Cubit Capital

Odyssey reported roughly 3x revenue growth year-over-year around its 2024 raise, on an estimated annual revenue near $2.6M. Through Village Global, early backing traces indirectly to limited partners including Bill Gates, Jeff Bezos and Michael Dell.

The Founder

Joseph Connor


JC

Joseph Connor

Founder & CEO

Former urban charter-school teacher turned school-choice attorney. Notre Dame Law (J.D. '16); worked on Espinoza v. Montana before founding Odyssey in 2021.

Frequently Asked

The Short Answers

What does Odyssey do?
Odyssey builds the software states use to run school-choice programs - administering education savings accounts and microgrants by handling applications, identity verification, fund disbursement, a regulated marketplace, and audit reporting.
Who founded Odyssey and when?
Odyssey was founded in 2021 by Joseph Connor, a former urban charter-school teacher and school-choice attorney who serves as Founder and CEO.
Which states use Odyssey?
Odyssey has administered or supported ESA and microgrant programs in states including Iowa, Idaho, Missouri, Georgia, Louisiana, Utah, Wyoming, and Texas.
How does Odyssey make money?
It runs a B2B2C/B2G model: states pay Odyssey to administer their programs, generally per student plus transaction and payment-processing fees, while parents and vendors use the platform through the state programs.
How much funding has Odyssey raised?
About $14.75M total - a $4.75M seed round in 2022 led by a16z and a $10M Series A in 2024 led by Tusk Venture Partners.