Mathpresso cofounders and co-CEOs Ray Lee (left) and Jake Lee (right). It’s now valued at less than $500 million, according to Ray Lee, cofounder and co-CEO of Mathpresso, in a video interview from the startup’s Seoul headquarters. New investors include venture capital firms GGV Capital, Silicon Valley-based Goodwater Capital and the Korea Development Bank. In Korea, Qanda is used by two-thirds of the student population. With the latest funding, Mathpresso plans to develop algorithms to create personalized learning content that recommends similar questions students are stuck on.

Source: Forbes July 30, 2021 08:00 UTC