Welcome!

News Feed Item

InstaEDU Closes $4M Series A Led by Battery Ventures to Make High-Quality Tutoring Convenient and Accessible On-Demand

InstaEDU Exits Beta With More Than 3,000 Tutors and 50% Month-Over-Month Growth

SAN FRANCISCO, CA -- (Marketwired) -- 08/14/13 -- InstaEDU (www.instaedu.com), the leading online service for on-demand, high-quality tutoring, today announced that it has closed a $4 million Series A financing from top-tier investors. Battery Ventures led the round, and General Partner Brian O'Malley will be joining InstaEDU's board of directors. The financing also includes follow-on funding from The Social+Capital Partnership, which led InstaEDU's seed round. The new capital will help InstaEDU scale its online product offerings and grow its team as it moves to become a global tutoring leader.

To learn more about InstaEDU, visit: www.instaedu.com

The InstaEDU service combines the effectiveness of face-to-face private tutoring with the convenience and affordability of an online service. The site's 3,000+ tutors can help with any academic subject or major standardized test, up to a graduate level. Once connected in the lesson space -- through either an on-demand or scheduled lesson -- students can use video, audio or text chat, and have access to a collaborative whiteboard, text editor and coding environment.

"We built InstaEDU to make it possible for anyone, anywhere to receive academic support at exactly the right moment," said Alison Johnston Rue, InstaEDU's CEO and co-founder. "With education increasingly moving online and expanding outside the classroom, the need for personal tutoring is growing exponentially. This funding will enable us to better serve students everywhere as we work on initiatives like a nonprofit tutoring program, mobile options and expanding our global reach."

Since launching its marquee on-demand tutoring service in May 2012, InstaEDU has experienced remarkable growth, adding more than 2,000 tutors and growing revenues and usage 50 percent month-over-month. The service now sees an average lesson length of almost an hour, with the most popular subjects for students to seek help with being Computer Science, Statistics and Calculus. When a student requests an immediate lesson, the average wait time is under 30 seconds. InstaEDU's tutoring starts at $24/hour.

"Even though the online tutoring market has been experiencing rapid growth, no previous company has been able to address the real pain point... answering student questions at the moment of need," said Brian O'Malley, general partner at Battery Ventures. "When it is 11 p.m. at night and the assignment is due the next day, InstaEDU is more a lifesaver than a tutoring marketplace."

InstaEDU's investors also include Bobby Yazdani (founder of Saba Software), Dylan Smith (co-founder and CFO of Box), Todd Bradley (EVP of Hewlett-Packard), John Johnston (general partner at August Capital), Nicolas Berggruen and Nirav Tolia (co-founder and CEO of Nextdoor).

About Battery Ventures
Battery invests in cutting-edge, category-defining businesses in markets including software and services, Web infrastructure, e-commerce, digital media and industrial technologies. Founded in 1983, the firm backs companies at stages ranging from seed to buyout and invests globally from offices in Boston, Silicon Valley and Israel. Past and current investments include Akamai Technologies, Angie's List, Bazaarvoice, BladeLogic, Coupa, ExactTarget, Glassdoor, ITA Software, Omniture and Wayfair. To learn more, visit Battery.com and follow them on Twitter @BatteryVentures.

About The Social+Capital Partnership
The Social+Capital Partnership ("Social Capital") is a partnership of philanthropists, technologists and capitalists utilizing venture capital as a force to create value and change on a global scale. The Partnership is based in Palo Alto, California.

About InstaEDU, Inc.
InstaEDU makes it easy for any student to instantly connect with a top tutor in an online lesson space. The website combines the effectiveness of face-to-face private tutoring with the convenience and affordability of an online service. InstaEDU was founded by Alison Johnston Rue, Dan Johnston, and Joey Shurtleff in 2011 and is headquartered in San Francisco, California. The company is backed by The Social+Capital Partnership and Battery Ventures. Learn more at InstaEDU.com.

Add to Digg Bookmark with del.icio.us Add to Newsvine

Laura Oppenheimer
415-860-0535
Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
StarNet Communications Corp has announced the addition of three Secure Remote Desktop modules to its flagship X-Win32 PC X server. The new modules enable X-Win32 to safely tunnel the remote desktops from Linux and Unix servers to the user’s PC over encrypted SSH. Traditionally, users of PC X servers deploy the XDMCP protocol to display remote desktop environments such as the Gnome and KDE desktops on Linux servers and the CDE environment on Solaris Unix machines. XDMCP is used primarily on comp...
There is growing need for data-driven applications and the need for digital platforms to build these apps. In his session at 19th Cloud Expo, Muddu Sudhakar, VP and GM of Security & IoT at Splunk, will cover different PaaS solutions and Big Data platforms that are available to build applications. In addition, AI and machine learning are creating new requirements that developers need in the building of next-gen apps. The next-generation digital platforms have some of the past platform needs a...
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
Using new techniques of information modeling, indexing, and processing, new cloud-based systems can support cloud-based workloads previously not possible for high-throughput insurance, banking, and case-based applications. In his session at 18th Cloud Expo, John Newton, CTO, Founder and Chairman of Alfresco, described how to scale cloud-based content management repositories to store, manage, and retrieve billions of documents and related information with fast and linear scalability. He addres...
Fact: storage performance problems have only gotten more complicated, as applications not only have become largely virtualized, but also have moved to cloud-based infrastructures. Storage performance in virtualized environments isn’t just about IOPS anymore. Instead, you need to guarantee performance for individual VMs, helping applications maintain performance as the number of VMs continues to go up in real time. In his session at Cloud Expo, Dhiraj Sehgal, Product and Marketing at Tintri, wil...
Aspose.Total for .NET is the most complete package of all file format APIs for .NET as offered by Aspose. It empowers developers to create, edit, render, print and convert between a wide range of popular document formats within any .NET, C#, ASP.NET and VB.NET applications. Aspose compiles all .NET APIs on a daily basis to ensure that it contains the most up to date versions of each of Aspose .NET APIs. If a new .NET API or a new version of existing APIs is released during the subscription peri...
SYS-CON Events announced today that eCube Systems, a leading provider of middleware modernization, integration, and management solutions, will exhibit at @DevOpsSummit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. eCube Systems offers a family of middleware evolution products and services that maximize return on technology investment by leveraging existing technical equity to meet evolving business needs. ...
Enterprises have forever faced challenges surrounding the sharing of their intellectual property. Emerging cloud adoption has made it more compelling for enterprises to digitize their content, making them available over a wide variety of devices across the Internet. In his session at 19th Cloud Expo, Santosh Ahuja, Director of Architecture at Impiger Technologies, will introduce various mechanisms provided by cloud service providers today to manage and share digital content in a secure manner....
Pulzze Systems was happy to participate in such a premier event and thankful to be receiving the winning investment and global network support from G-Startup Worldwide. It is an exciting time for Pulzze to showcase the effectiveness of innovative technologies and enable them to make the world smarter and better. The reputable contest is held to identify promising startups around the globe that are assured to change the world through their innovative products and disruptive technologies. There w...
Traditional on-premises data centers have long been the domain of modern data platforms like Apache Hadoop, meaning companies who build their business on public cloud were challenged to run Big Data processing and analytics at scale. But recent advancements in Hadoop performance, security, and most importantly cloud-native integrations, are giving organizations the ability to truly gain value from all their data. In his session at 19th Cloud Expo, David Tishgart, Director of Product Marketing ...
Ixia (Nasdaq: XXIA) has announced that NoviFlow Inc.has deployed IxNetwork® to validate the company’s designs and accelerate the delivery of its proven, reliable products. Based in Montréal, NoviFlow Inc. supports network carriers, hyperscale data center operators, and enterprises seeking greater network control and flexibility, network scalability, and the capacity to handle extremely large numbers of flows, while maintaining maximum network performance. To meet these requirements, NoviFlow in...
SYS-CON Events announced today that Hitrons Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Hitrons Solutions Inc. is distributor in the North American market for unique products and services of small and medium-size businesses, including cloud services and solutions, SEO marketing platforms, and mobile applications.
To leverage Continuous Delivery, enterprises must consider impacts that span functional silos, as well as applications that touch older, slower moving components. Managing the many dependencies can cause slowdowns. See how to achieve continuous delivery in the enterprise.
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...