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
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
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 ...
SYS-CON Events announced today that StarNet Communications 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. StarNet Communications’ FastX is the industry first cloud-based remote X Windows emulator. Using standard Web browsers (FireFox, Chrome, Safari, etc.) users from around the world gain highly secure access to applications and data hosted on Linux-based servers in a central data center. ...
SYS-CON Events announced today that Cemware 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. Use MATLAB functions by just visiting website mathfreeon.com. MATLAB compatible, freely usable, online platform services. As of October 2016, 80,000 users from 180 countries are enjoying our platform service.
Virgil consists of an open-source encryption library, which implements Cryptographic Message Syntax (CMS) and Elliptic Curve Integrated Encryption Scheme (ECIES) (including RSA schema), a Key Management API, and a cloud-based Key Management Service (Virgil Keys). The Virgil Keys Service consists of a public key service and a private key escrow service. 

SYS-CON Events announced today that eCube Systems, the leading provider of modern development tools and best practices for Continuous Integration on OpenVMS, will exhibit at SYS-CON's @DevOpsSummit at Cloud Expo New York, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. eCube Systems offers a family of middleware products and development tools that maximize return on technology investment by leveraging existing technical equity to meet evolving business needs. ...
Effectively SMBs and government programs must address compounded regulatory compliance requirements. The most recent are Controlled Unclassified Information and the EU’s GDPR have Board Level implications. Managing sensitive data protection will likely result in acquisition criteria, demonstration requests and new requirements. Developers, as part of the pre-planning process and the associated supply chain, could benefit from updating their code libraries and design by incorporating changes.
The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
Fact is, enterprises have significant legacy voice infrastructure that’s costly to replace with pure IP solutions. How can we bring this analog infrastructure into our shiny new cloud applications? There are proven methods to bind both legacy voice applications and traditional PSTN audio into cloud-based applications and services at a carrier scale. Some of the most successful implementations leverage WebRTC, WebSockets, SIP and other open source technologies. In his session at @ThingsExpo, Da...
SYS-CON Events announced today that Isomorphic Software will exhibit at DevOps Summit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, cutting-edge enterprise web applications for desktop and mobile. SmartClient combines the productivity and performance of traditional desktop software with the simp...
Fifty billion connected devices and still no winning protocols standards. HTTP, WebSockets, MQTT, and CoAP seem to be leading in the IoT protocol race at the moment but many more protocols are getting introduced on a regular basis. Each protocol has its pros and cons depending on the nature of the communications. Does there really need to be only one protocol to rule them all? Of course not. In his session at @ThingsExpo, Chris Matthieu, co-founder and CTO of Octoblu, walk you through how Oct...
SYS-CON Events announced today that Embotics, the cloud automation company, 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. Embotics is the cloud automation company for IT organizations and service providers that need to improve provisioning or enable self-service capabilities. With a relentless focus on delivering a premier user experience and unmatched customer support, Embotics is the fas...
The Internet of Things (IoT), in all its myriad manifestations, has great potential. Much of that potential comes from the evolving data management and analytic (DMA) technologies and processes that allow us to gain insight from all of the IoT data that can be generated and gathered. This potential may never be met as those data sets are tied to specific industry verticals and single markets, with no clear way to use IoT data and sensor analytics to fulfill the hype being given the IoT today.
DevOps is speeding towards the IT world like a freight train and the hype around it is deafening. There is no reason to be afraid of this change as it is the natural reaction to the agile movement that revolutionized development just a few years ago. By definition, DevOps is the natural alignment of IT performance to business profitability. The relevance of this has yet to be quantified but it has been suggested that the route to the CEO’s chair will come from the IT leaders that successfully ma...
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smar...
@ThingsExpo has been named the Top 5 Most Influential M2M Brand by Onalytica in the ‘Machine to Machine: Top 100 Influencers and Brands.' Onalytica analyzed the online debate on M2M by looking at over 85,000 tweets to provide the most influential individuals and brands that drive the discussion. According to Onalytica the "analysis showed a very engaged community with a lot of interactive tweets. The M2M discussion seems to be more fragmented and driven by some of the major brands present in the...