# Explain Everything

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/explain-everything

- Industry: Software
- Headquarters: New York, US
- Website: www.explaineverything.com
- Total disclosed funding: $2M
- Latest round: Series A (May 6, 2015)
- Investors on record: 3

## About

Based in New York, US, Explain Everything, Inc. offers a digital whiteboard platform that enhances interactive learning, enabling educators to create engaging content and collaborate effectively with students in real time.Explain Everything, Inc. is focused on providing a digital whiteboard solution that revolutionizes educational content creation. Founded in 2010 by Bartosz Gonczarek and Piotr Sliwinski, the company is headquartered in New York, US. It has undergone one notable acquisition: in November 2022, Promethean World acquired Explain Everything, Inc. for undisclosed financial terms. The company has successfully completed three funding rounds, with the most recent round occurring on November 28, 2022, raising USD 3.70 mn from investors including Credo Ventures, New Evolution Ventures, and RTA Ventures. The total amount raised to date stands at USD 3.70 mn.Explain Everything offers a leading digital whiteboard platform designed for educators to create interactive lessons, video tutorials, and real-time collaborations with students. The platform allows users to import existing resources like PowerPoint presentations and PDFs, enhancing them with a range of interactive tools. It primarily serves over 24 million users globally, focusing on teachers and students in educational institutions, particularly in North America, Europe, and parts of Asia, where there is a significant demand for digital education solutions.Explain Everything’s revenue model is based on subscription services that allow educational institutions and individual educators to access its platform for a fee. The pricing plans cater to various user needs, including bulk access for institutions. Transactions occur directly between the company and its clients, spanning both B2B collaborations with schools and districts and direct-to-consumer sales for individual educators. This model serves a diverse range of customers, from K-12 schools to higher education institutions, all utilizing the functionalities of the digital whiteboard system.Explain Everything plans to utilize recent funding to enhance its product offerings and expand its market presence. The company is actively developing new features for its platform aimed at improving user engagement and educational outcomes. Additionally, it seeks to enter new geographic markets, specifically targeting regions in Asia and Europe for expansion by 2024. Following its acquisition by Promethean World in November 2022, further strategic growth initiatives are anticipated as the integration progresses.

## Funding rounds

- Series A, May 6, 2015, $2M — Credo Ventures, RTA Ventures, New Europe Ventures

## Investors

- Credo Ventures (https://capitalatlas.ai/funds/credo-ventures) — Series A
- RTA Ventures (https://capitalatlas.ai/funds/rta-ventures) — Series A
- New Europe Ventures (https://capitalatlas.ai/funds/new-europe-ventures) — Series A