InstaEDU, a San Francisco, California-based online service for on-demand tutoring, closed a $4m Series A financing.
The round was led by Battery Ventures, with participation from The Social+Capital Partnership, which led InstaEDU’s seed round. Battery Ventures’ General Partner Brian O’Malley will be joining InstaEDU’s board of directors.
The company intends to use the funds to scale its online product offerings and grow its team.
Founded by CEO Alison Johnston Rue, Dan Johnston, and Joey Shurtleff in 2011, InstaEDU offers an online platform to give students the opportunity to connect with a tutor in an online lesson space and use video, audio or text chat, and have access to a collaborative whiteboard, text editor and coding environment.
The site has 3,000+ tutors in any academic subject or major standardized test, up to a graduate level.
Investors in the company also include:
– Bobby Yazdani (founder of Saba Software),
– Dylan Smith (co-founder and CFO of Box),
– Todd Bradley (EVP of Hewlett-Packard),
– John Johnston (general partner at August Capital),
– Nicolas Berggruen and
– Nirav Tolia (co-founder and CEO of Nextdoor).