# Numerade

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

- Industry: Software
- Headquarters: Santa Monica, US
- Website: www.numerade.com
- Total disclosed funding: $26M
- Latest round: Series A (Jul 19, 2021)
- Investors on record: 7

## About

Numerade, based in the US, operates as a provider of educational resources, specializing in STEM subjects through its innovative app that delivers instant video solutions to students.Numerade is an educational technology company that offers resources primarily for STEM subjects. Founded by Alex Lee and Nhon Ma, the company is headquartered in Santa Monica, US. In July 2021, Numerade raised USD 26 mn in Series A funding led by IDG Capital, with participation from other notable investors. The funding will support initiatives aimed at enhancing accessibility to STEM education globally.Numerade specializes in providing educational resources tailored for STEM subjects, primarily through its flagship product, the Numerade app. This app features SnapSolve, allowing users to take pictures of homework questions and receive instant video solutions from expert educators. The platform hosts over 100 million textbook video solutions that are directly matched to a wide array of college, high school, and graduate-level STEM textbooks, covering mathematics, chemistry, physics, biology, and economics. Targeted at students from institutions such as Brigham Young University and Grove City College, Numerade's services are aimed at enhancing understanding and improving academic performance. The company's products are accessible in various geographical markets, including the United States and internationally, catering to a diverse student population seeking 24/7 study assistance.Numerade generates revenue through a subscription-based model, allowing users to access its extensive library of video solutions and educational resources. The pricing structure offers flexible options for individual learners as well as educational institutions. Users can sign up for a 7-day free trial, after which they can choose from various subscription plans that provide continued access to features such as custom video answers, virtual study sessions, and Bootcamps led by expert instructors. Partnerships with educational institutions enhance their reach within the academic community, making subscriptions a primary revenue source.In July 2021, Numerade raised USD 26 mn in Series A funding to aid in democratizing STEM education for millions of students worldwide. The company plans to utilize this funding to develop new products aimed at enhancing user engagement and educational outcomes. Additionally, Numerade is looking to expand its market presence in regions beyond the US, focusing on international markets to increase accessibility to its educational resources. Specific timelines for product launches and geographic expansion will be announced as the company continues to grow.

## Funding rounds

- Series A, Jul 19, 2021, $26M — General Catalyst Partners, IDG Capital, Kapor Capital, Mucker Capital, Interplay, Alumni Ventures Group, Toy Ventures

## Investors

- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Series A
- IDG Capital (https://capitalatlas.ai/funds/idg-capital) — Series A
- Kapor Capital (https://capitalatlas.ai/funds/kapor-capital) — Series A
- Mucker Capital (https://capitalatlas.ai/funds/mucker-capital) — Series A
- Interplay (https://capitalatlas.ai/funds/interplay) — Series A
- Alumni Ventures Group (https://capitalatlas.ai/funds/alumni-ventures-group) — Series A
- Toy Ventures (https://capitalatlas.ai/funds/toy-ventures) — Series A