# BookNook, LLC.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/booknook

- Industry: Software
- Headquarters: Oakland, US
- Website: www.booknooklearning.com
- Total disclosed funding: $1.2M
- Latest round: Seed (May 23, 2017)
- Investors on record: 4

## About

BookNook, LLC is an online learning platform specializing in K–8 educational support through high-impact tutoring services in reading and math, addressing diverse learning needs across the United States.Founded in 2016 and headquartered in Oakland, US, BookNook, LLC offers tailored educational solutions for K–8 students. The company was established by Michael Lombardo, who has a background in educational technology. BookNook raised USD 1.20 mn in a Seed funding round led by Reach Capital, with participation from Better Ventures, The Impact Engine, and Urban Innovation Fund, bringing the total amount raised to USD 1.20 mn. The most recent funding round occurred on June 1, 2018.BookNook specializes in providing a comprehensive online learning platform and tutoring services, primarily focused on K–8 education. The core product offerings include high-impact tutoring in reading and math, designed to support small group interventions that enhance student achievement. These services utilize a synchronous learning platform that allows educators to deliver live, research-based instruction tailored to individual district needs. BookNook serves a diverse client base, including educators, school administrators, parents, guardians, and tutors, with a commitment to creating customized pathways to success for students. The platform has been deployed across various geographical markets, specifically targeting schools and districts throughout the United States, aiming to address educational disparities and support learners from different backgrounds.BookNook generates revenue through subscription-based partnerships with educational institutions and direct-to-consumer offerings. The business model is structured around providing comprehensive access to its tutoring services, which can include options such as in-house delivery with district teachers or utilizing BookNook's virtual tutor service. Clients typically engage in contracts that outline the provision of tutoring services, which may be billed on a per-student or per-session basis. Pricing plans may vary depending on the specific services selected, with a focus on delivering high-quality educational support. The company emphasizes its commitment to excellence, as evidenced by the qualifications of its tutors, with nearly 90% holding a bachelor's degree or higher, which is integral to its reputation and value proposition in the education sector.BookNook's strategy for future growth includes the development of new educational products aimed at enhancing learning experiences, with specific launch timelines yet to be announced. The company plans to expand its services into additional markets within the United States, focusing on underserved regions. The funding received on June 1, 2018, will be directed towards supporting these initiatives and furthering its mission to address educational disparities.

## Funding rounds

- Seed, May 23, 2017, $1.2M — Better Ventures, Impact Engine, Reach Capital, Urban Innovation Fund

## Investors

- Better Ventures — Seed
- Impact Engine (https://capitalatlas.ai/funds/impact-engine) — Seed
- Reach Capital — Seed
- Urban Innovation Fund (https://capitalatlas.ai/funds/urban-innovation-fund) — Seed