Already in the Top 5 downloaded education apps in the US, Vietnam's GotIt! announces receipt of Series A and Seed funding.
GotIt!, an app allowing users, primarily students, to pick the brains of experts for ten minutes and founded by Vietnamese Tran Viet Hung, has raised over $9 million in Series A and Seed funding, it announced on April 29.
The Capricorn Investment Group, founded by Jeff Skoll, the first President of eBay, which funds breakthrough ideas such as Tesla, QuantumScape and Planet Labs, led the Series A funding. Fosun Group’s Brad Bao, who formerly headed up Tencent Investments, led the Seed round.
GotIt! instantly connects student to an expert, who interactively works with them through a step-by-step explanation of school work problems.
It finds quality, vetted experts who care deeply about teaching others. “We built a pretty cool, proprietary marketplace algorithm to find/cost/match the expertise,” the GotIt! announcement added.
Headquartered in Silicon Valley, GotIt! has seen amazing engagement and traction, with 40 per cent month-on-month growth and solving hundreds of thousands of problems every month.
The app now is one of the Top 5 most downloaded education apps on the App Store in the US. It’s running in open beta and the GotIt! team has just recently launched an android version.