• Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • Manufacturing
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation & Logistics
    • Investments
    • Ecosystem & Lists
  • Interviews
  • Events
    • ComeUp
    • NextRise
  • Governments
    • Korea Internet & Security Agency
    • Korea Institute of Startup & Entrepreneurship Development
    • Korea Creative Content Agency
    • Korea Trade-Investment Promotion Agency
    • Korea Tourism Organization
    • Ministry of SMEs & Startups
    • National IT Industry Promotion Agency
    • Seoul Business Agency
    • Seoul FinTech Lab
    • Pangyo Techno Valley
    • Gyeonggido Business & Science Accelerator
  • Programs
    • SGSC Global Bootcamp 2021
    • LAUNCHPAD
    • COMEUP STARS 120
    • K-Startup Grand Challenge
    • TIPS X beSUCCESS Global Project
    • SFL Global Program
    • KTO Global Showcase
  • Investment Opportunities
    • SGSC Demo Day
    • Launchpad France Demoday
    • TIPS Global Demoday
    • Launchpad USA Demoday
    • Launchpad Indonesia Demoday
  • Business Agencies
    • Accounting Firms
    • Ads & Marketing
    • Law Firms
  • Submit an Article
  • Profile
    • My Articles
    • Create your Startup Profile
    • My companies
    • My Points
    • My Saved Deals
    • Logout
KoreaTechDesk
No Result
View All Result
KoreaTechDesk
No Result
View All Result
Home Content & Games

Google-backed Edtech startup Mathpresso secures $70 million in Series C investment

KoreaTechDesk Writer by KoreaTechDesk Writer
December 14, 2022
in Content & Games
1
QANDA

QANDA is a popular math app globally.

0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Seoul-based edtech startup Mathpresso has completed a Series C extension round, which brings the round’s total to approx. $70 million. The newest round was participated by Signite Partners – a corporate venture capital arm of Shinsegae Group and YBM – one of Korea’s largest education management companies. Previous backers including Goodwater Capital, SoftBank Ventures Asia, and Mirae Asset Venture Investment also participated in the round.

“Amidst the funding winter and given current macroeconomic challenges, this investment validates our business productivity solutions in creating sustainable social impact,” said Jake Lee, Mathpresso’s Chief Executive Officer.

Mathpresso, that operates one of Asia’s largest education app QANDA, has previously secured capital from Google and GGV Capital. Last July marked GGV’s first investment in the Korea-based startup. QANDA is an AI-powered mobile learning platform for K-12 students.

By recognizing text and mathematical formulas in a photo with optical character recognition (OCR) technology, QANDA provides detailed solutions and personalized learning content catered to each user’s level. Since its launch, the app has accumulated over 75 million registered users in over 50 countries.Over 85% of QANDA’s users reside outside of Korea, with its strongest user bases including Japan, Vietnam, Indonesia, and Thailand. To integrate all learning features into the platform, the startup launched additional online-based vertical services last year; QANDA Tutor, which is a tablet-based 1:1 online tutoring service, and QANDA Study, 1:N online live group class in Vietnam.

“We are extremely grateful for the new and existing shareholders who supported us despite the tough market conditions. We reiterate our commitment to improving user experience and achieving profitable growth,” said Soo Nahm, its Chief Financial Officer. Mathpresso also plans to utilize the investment in further strengthening their vertical services and execution strategy.

Also Read,

  • Google invests in Korean Edtech startup Mathpresso 
  • Korean startup develops BeAptive ‘first-ever’ social media app for kids
  • Korean edutech solution ‘Mathflat’ registers average maths score growth in student users  
  • EduCast: Learn anything, Teach Everything with this Korean startup
What’s your thoughts?
+1
0
Upvote
+1
0
Clap
+1
0
Clap
+1
0
On fire
+1
0
Meh
+1
0
Clap
+1
0
Tags: AppEdutechInvestmentMathpressoQanda
Previous Post

ESTsoft Inc.’s AI Studio Perso opens doors for Virtual Human driven video production

Next Post

Blockchain platform FirmaChain enters the proptech market in partnership with  Azit

Next Post
FIRMACHAIN and People' Tech Partners Up to Tap the “Prop Tech” Market

Blockchain platform FirmaChain enters the proptech market in partnership with  Azit

0 0 votes
Article Rating
Subscribe
Login
Notify of
Please login to comment
1 Comment
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
No Result
View All Result

FREE NEWSLETTER

Ecosystem Partners

Follow Us




PRODUCTS

Most Popular

    Copyright © 2023 KoreaTechDesk | About Us | Our Services| Terms of Use |Privacy Policy |Cookie Policy Contact: [email protected] DMCA.com Protection Status

    No Result
    View All Result
    • Topics
      • AI & Big Data
      • AR & VR
      • Blockchain
      • Clean Technology
      • Content & Games
      • Cybersecurity
      • Enterprise & SaaS
      • FinTech
      • Gadgets & Electronics
      • Health & Bio
      • Manufacturing
      • IoT
      • Marketplaces & E-commerce
      • Robotics
      • Transportation & Logistics
      • Investments
      • Ecosystem & Lists
    • Interviews
    • Events
      • ComeUp
      • NextRise
    • Governments
      • Korea Internet & Security Agency
      • Korea Institute of Startup & Entrepreneurship Development
      • Korea Creative Content Agency
      • Korea Tourism Organization
      • Korea Trade-Investment Promotion Agency
      • Ministry of SMEs & Startups
      • National IT Industry Promotion Agency
      • Seoul Business Agency
      • Seoul FinTech Lab
      • Pangyo Techno Valley
      • Gyeonggido Business & Science Accelerator
    • Programs
      • LAUNCHPAD
      • COMEUP STARS 120
      • K-Startup Grand Challenge
      • TIPS X beSUCCESS Global Project
      • SFL Global Program
      • KTO Global Showcase
    • Investment Opportunities
      • Launchpad France Demoday
      • TIPS Global Demoday
      • Launchpad USA Demoday
      • Launchpad Indonesia Demoday
    • Business Agencies
      • Accounting Firms
      • Ads & Marketing
      • Law Firms
    • Submit an Article
    • Forums
    • Profile
    • My Articles
    • Create your Startup Profile
    • My companies
    • My Points
    • My Saved Deals
    • Logout
    • register
    • login

    Copyright © 2023 KoreaTechDesk | About Us | Our Services| Terms of Use |Privacy Policy |Cookie Policy Contact: [email protected] DMCA.com Protection Status

    wpDiscuz
    1
    0
    Would love your thoughts, please comment.x
    ()
    x
    | Reply
    Our Spring Sale Has Started

    You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/

    We hope you enjoy our content, May you please give us Feedback regarding our website!

    Single Post Feedback

    dgdfgfdgdf

    Invitation submission has been closed

    Insert/edit link

    Enter the destination URL

    Or link to existing content

      No search term specified. Showing recent items. Search or use up and down arrow keys to select an item.