What is QANDA?
Founded in 2015 and headquartered in Seoul, Mathpresso is the company behind QANDA, a leading AI math-solver application designed to offer students instant answers and personalized learning resources at minimal cost. With offices in Tokyo and Hanoi, QANDA aims to democratize education by leveraging advanced technology to support learners of all levels. The platform's success is driven by its ability to provide immediate academic assistance, making it a valuable tool for students worldwide.
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 SOFTBANK Korea Co. and smile gate investment
Series B (2019): $14.5M led by NP Investments, Legend Capital, InterVest, and Mirae Asset Global Investments
Series C (2022): $70M supported by Goodwater Capital, KDB, Signite Partners, GGV Capital, YellowDog, and YBM
Other Financing Round (2023): $8M featuring KT
Key Investors in QANDA
KT
KT Corporation is South Korea's largest integrated telecom and digital platform service provider, with significant investments in media, content, financial services, and digital transformation technologies, indicating a strategic interest in QANDA's platform integration and digital reach.
Goodwater Capital
Goodwater Capital is a consumer tech investment firm that focuses on innovative companies across various sectors, including financial services and retail, suggesting a belief in QANDA's consumer-facing educational technology and its potential for widespread adoption.
GGV Capital
GGV Capital is a global venture firm investing in social/internet, enterprise tech, and smart tech sectors, indicating a strategic interest in QANDA's AI-driven learning platform and its potential for scalable growth in the global education technology market.
What's next for QANDA?
The substantial enterprise-level backing and recent strategic investment position QANDA for accelerated expansion and further technological innovation. This capital infusion is expected to fuel the enhancement of its AI capabilities, broaden its content offerings, and strengthen its global market presence. QANDA's trajectory suggests a focus on scaling its operations to reach a wider student demographic and solidify its standing as a pivotal player in the edtech landscape, potentially exploring new educational verticals and advanced learning solutions.
See full QANDA company page
