# Brainscape

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

- Industry: Internet
- Headquarters: New York, US
- Website: www.brainscape.com
- Total disclosed funding: $0.5M
- Latest round: Seed (Dec 24, 2013)
- Investors on record: 2

## About

Brainscape is an innovative online platform that enhances learning through customizable flashcards and advanced features, optimizing memory retention and study efficiency for users across various educational fields.Founded in 2010, Brainscape operates from New York, US, providing an online flashcard platform designed to improve learning outcomes. The company, led by founder and CEO Andrew Cohen, has successfully raised USD 0.50 mn in its Seed round from Indicator Ventures and Scout Ventures on December 24, 2013.Brainscape's core offerings center around an advanced online flashcard platform that leverages artificial intelligence to enhance study efficiency and memory retention. The platform enables users to create, discover, and study flashcards tailored to their learning needs, utilizing spaced repetition techniques to optimize the learning process. Users can import existing vocab lists or question banks, summarize their notes into flashcards, or manually design cards incorporating text, images, and audio. The service caters to a diverse client base, including students, educators, and corporate trainers, facilitating collaborative content creation and organization through "decks." Geographically, Brainscape serves a global market, with significant usage reported in North America, Europe, and Asia, addressing the educational needs of various subjects such as language learning, medical studies, and professional licensing exams.Brainscape generates revenue primarily through a subscription-based model offering both free and premium features. The free tier provides users with access to basic flashcard creation and study tools, while the premium subscription, priced at USD 8 per month, unlocks unlimited access to advanced functionalities, including AI-generated flashcards, the ability to upload unlimited multimedia content, and detailed analytics on study progress. The company's revenue structure also includes offerings tailored to educational institutions and corporate clients, enabling bulk subscriptions to enhance collaborative learning in classrooms and workplaces. This multifaceted revenue approach supports Brainscape's mission to improve study outcomes and deliver effective learning solutions to a wide array of users.Brainscape plans to utilize its recent funding of USD 0.50 mn raised on December 24, 2013, to enhance its product offerings and expand into new markets. The company is currently designing new features to improve its flashcard platform, with a focus on artificial intelligence enhancements expected to roll out in late 2024. Additionally, Brainscape aims to penetrate the Asia-Pacific educational sector by 2025, targeting increased user engagement and partnerships with educational institutions in that region.

## Funding rounds

- Seed, Dec 24, 2013, $0.5M — Scout Ventures, Indicator Ventures

## Investors

- Scout Ventures (https://capitalatlas.ai/funds/scout-ventures) — Seed
- Indicator Ventures (https://capitalatlas.ai/funds/indicator-ventures) — Seed