South Korea-based Mathpresso, developer of tutoring app Qanda, raises $14.5 million Collection B – TechCrunch

South Korea-based Mathpresso, developer of tutoring app Qanda, raises $14.5 million Series B – TechCrunch

Seoul-based schooling know-how startup Mathpresso introduced at the moment that it has raised $14.5 million in Collection B funding. The corporate’s flagship app is Qanda, which gives college students with math and science assist and tutoring. Contributors within the spherical embody Legend Capital, InterVest, NP Investments and Mirae Asset Enterprise Funding.

This brings Mathpresso’s complete funding thus far to $21.2 million. Its earlier spherical of funding was a $5.three million Collection A introduced on the finish of final yr.

Mathpresso says Qanda (the identify stands for “Q and A”) is presently utilized by a 3rd of scholars in South Korea. The app launched in markets together with Japan, Vietnam, Indonesia and Singapore final yr and now has customers in additional than 50 international locations. Qanda makes use of AI-based optical character recognition to scan math issues. College students take a photograph of an issue and add it to get directions for how one can remedy it from the app or tutors.

In a press release, Legend Capital managing director Joon Sung Park mentioned, “As an early investor of China’s main cell schooling firms corresponding to Zuoyebang and Onion Math, Legend Capital has witnessed strong progress of China’s cell schooling market. We strongly consider that Mathpresso has the technological and operation capabilities to increase abroad and grasp new alternatives rising from the digitization of schooling, corresponding to providing personalised studying for every scholar.”

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