500 Startups announced its 10th accelerator batch last week. It will be the second batch in San Francisco with 28 startups from across the globe participating. Ten of the startups did not raise money prior to joining the accelerator program, 24 of them are already generating revenue.
500 Startups is among the most active investors in edtech. In this batch three startups are in education technology.
Monkimun is a Madrid-based educational game studio that specializes in language learning apps for children between 2 and 8 years of age.
Founded in 2014 by Cristobal Viedma, former head of platform at Viki, and Marieta Viedma, Monkimun has gathered over 200k downloads in 25 weeks and signed a deal with Telefonica to pre-install the apps in their tablets.
In June Monkimun released Monki Chinese Class, the first app in a line of products called Monki Class.
Launched in 2012 by UC Santa Barbara students Sieva Kozinsky and Jeff Silverman, StudySoup started as a distribution platform for electronic versions of course material to save students money.
In March, StudySoup launched a peer to peer marketplace for study notes, guides and tutoring services, generating over $10k in revenue per month.
Launched in April 2014 by Michael Koh and Samir Makhani at the University of Berkeley, Uguru is a marketplace for on demand peer to peer tutoring.
Uguru matches learners with peers who have aced the same class with the same professor before. Bookings are on demand and can therefore be scheduled on short notice. The price for one hour of tutoring is between $15 to $20 USD.
- 500 Startups Announces Batch 10 in San Francisco | 500 Startups