What is QANDA?
Mathpresso, the company behind the QANDA app, is dedicated to providing effective education for all. Founded in 2015 and headquartered in Seoul, with offices in Tokyo and Hanoi, Mathpresso has developed QANDA into the world's leading learning platform. The AI math-solver app offers students instant answers and customized learning resources at minimal or no cost. QANDA's mission is to democratize access to quality education through innovative technology, catering to students of all levels.
How much funding has QANDA raised?
QANDA has raised a total of $97.8M across 4 funding rounds:
Series A
$5.3M
Series B
$14.5M
Series C
$70M
Other Financing Round
$8M
Series A (2018): $5.3M with participation from smile gate investment and SOFTBANK Korea Co.
Series B (2019): $14.5M led by InterVest, Mirae Asset Global Investments, NP Investments, and Legend Capital
Series C (2022): $70M supported by Signite Partners, YBM, KDB, Goodwater Capital, GGV Capital, and YellowDog
Other Financing Round (2023): $8M featuring KT
Key Investors in QANDA
Signite Partners
Signite Partners is a venture capital firm under the Shinsegae Group, focusing on discovering and investing in startups that innovate lifestyle through technology in the beauty, fashion, and retail sectors. They aim to ignite a startup ecosystem that enhances everyday life.
GGV Capital
GGV Capital is a global venture firm that invests in local founders across seed-to-growth stages in Social/Internet, Enterprise Tech, and Smart Tech. They have backed numerous companies worldwide, including Affirm, Airbnb, and Alibaba.
Goodwater Capital
Goodwater Capital is a consumer tech investment firm that empowers exceptional entrepreneurs to create positive change in the world. They focus on investing in innovative companies across various sectors, including financial services, retail, and healthcare.
What's next for QANDA?
The substantial enterprise-level funding and recent strategic investment signal QANDA's readiness for accelerated expansion and further product development. With a robust AI math-solver and a growing user base, the company is well-positioned to enhance its platform's capabilities and broaden its reach. Future initiatives will likely focus on leveraging this capital to deepen its technological innovation, expand into new educational verticals, and strengthen its global presence. The consistent backing from prominent investors suggests a strategic roadmap aimed at solidifying QANDA's position as a leader in the edtech landscape.
See full QANDA company page
