South Korea-based mostly Mathpresso, developer of tutoring app Qanda, raises $14.5 million Sequence B

South Korea-based mostly Mathpresso, developer of tutoring app Qanda, raises $14.5 million Sequence B

Seoul-based mostly training know-how startup Mathpresso presented currently that it has raised $14.5 million in Sequence B funding. The company’s flagship app is Qanda, which provides college students with math and science encourage and tutoring. Contributors within the round encompass Listing Capital, InterVest, NP Investments and Mirae Asset Carrying out Investment.

This brings Mathpresso’s total funding to this observe $21.2 million. Its old round of funding became as soon as a $5.three million Sequence A presented at the tip of final year.

Mathpresso says Qanda (the name stands for “Q and A”) is for the time being former by a third of college students in South Korea. The app launched in markets alongside with Japan, Vietnam, Indonesia and Singapore final year and now has users in additional than 50 countries. Qanda makes consume of AI-based mostly optical persona recognition to scan math complications. Students own a characterize of a advise and upload it to win directions for the methodology to clear up it from the app or tutors.

In a statement, Listing Capital managing director Joon Sung Park stated, “As an early investor of China’s main mobile training companies such as Zuoyebang and Onion Math, Listing Capital has witnessed sturdy recount of China’s mobile training market. We strongly remember that Mathpresso has the technological and operation capabilities to elongate in yet another country and consume contemporary alternatives rising from the digitization of training, such as offering personalized discovering out for every student.”

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November 9, 2019

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