Brainly, a Krakow, Poland-based social learning network that allows students to help each other with homework, received $9m in Series A funding.
The round was led by General Catalyst Partners with participation from Point Nine Capital, Learn Capital and Runa Capital. In conjunction with the funding, Adam Valkin and Nitesh Banta from General Catalyst Partners joined Brainly’s board of directors.
The company intends to use the funds to open an office in New York City, expand in the U.S. and design new features.
Founded in 2009 and led by CEO Michal Borkowski, Brainly is a social learning network for high school and middle school aged students to connect to receive and offer help with homework problems and questions. Registered users can post homework questions and problems to the site, and in return, other users post answers to the questions. By helping other students answer questions, users earn points, which then allow them to ask their own questions, creating a cycle of engagement. A global volunteer team of teachers, students and education experts serve as moderators on the platform to screen questions and check answer quality on an ongoing basis.
The community receives more than 30 million visitors each month.
Brainly is currently available in 35 countries throughout Europe, South America, and Asia, including Russia, Indonesia, and Brazil, representing 12 languages.
The company is hiring.
FinSMEs
15/10/2014