STUDYPOOL, a Mountain View, CA-based startup that offers an online tutoring platform, has raised an additional $800,000, bumping its seed round (first announced in March) past $2 million. The new investors were not disclosed. Online tutoring has become a hot commodity again, with startups from China and the US raising hefty chunks of venture money in recent months.
A graduate of 500 Startups, Studypool connects students with tutors for on-demand help on specific problems. This focus is reflected in the company’s revenue model, which charges students on a per-question basis. Students post a question, set a time limit and price range, and accept bids from a network of 30,000 tutors to fulfill the request. “We really just focus on mastery and helping students solve exactly what they’re stuck on at that moment in time,” co-founder Richard Werbe tells EdSurge.