Yup obtains capital from StartX Fund and existing investors as the tutoring platform renames itself from Mathcrunch and adds chemistry and physics to its offering.
Yup, a US-based education technology developer, has secured $4m in a seed round backed by Stanford University’s StartX Fund.
Soma Capital, Slow Ventures, Floodgate, Index Ventures, Sherpa Ventures and Formation 8 also supplied funds.
Founded in 2014 as Mathcrunch, the company operates an app that connects tutors with students. Tutors receive ongoing training and feedback from senior tutors, while the platform monitors interactions to ensure students are not simply given the answer.
The platform initially focused only on maths but is diversifying its offer to include subjects such as chemistry and physics following the seed round. As part of that effort, the company has rebranded to Yup.
Yup will use the cash to grow its user base and develop its Personalized Inquiry Learning framework, which aims to combat cheating in the tutoring sector.
The company previously raised $3.5m in seed capital in May 2015 from Floodgate, Formation 8, Index Ventures, Sherpa Capital and Slow Ventures.
Naguib Sawiris, founder of Yup, said: “When we launched Mathcrunch we noticed users were misusing the platform. That’s why we’ve developed the first mobile-based learning model that delivers personalised learning while taking steps to address the industry’s cheating problem.”
