Chicago-based Learnerator, an online test prep platform for AP exams, raised a $300k Seed Round from Serra Ventures and a group of angel investors.
With the funding Learnerator plans to expand its platform into other standardized tests such as the ACT, SAT and GRE.
Founded in 2013 by Luke Liu, Learnerator offers comprehensive practice questions & accompanying explanations developed by expert teachers. Following the freemium business model, Learnerator offers free access to part of its practice questions. Learners who want to practice with harder questions pay $17 per subject per year.
Liu had the idea for the business when he was able to sell practice questions for AP European History in January 2013 with no marketing effort at all according to Crain’s Chicago Business. He then started to recruit experienced AP teachers who develop practice questions for the different subject areas. Those teachers receive royalties from the students who sign up for the different packages.
With Learnerator Liu and his team aim to prepare students better for the tests through a more interactive learning path. According to the website, students are often unprepared in a test situation when they are faced with unfamiliar questions that they did not come across in a textbook or classroom.
By using Learnerator and its practice questions, Liu and his team aim to build confidence and deeper understanding of the underlying concepts. The platform currently offers over 11k questions with over 2.1 million questions have been answered by Learnerator users to date.
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