Brainly, a crowdsourced homework helper for students, raises $30M to expand in the US
When it comes to turning the wheels of the internet, crowdsourcing is a key component of the engine: the power of people can fund big ideas and good causes; it can help you decide what (or what not) to buy, read, watch or listen to when faced with too much choice; it can help unite opinion; or it can aid in misleading us.
Now, a startup founded in Poland using crowdsourcing for information gathering and e-learning is announcing a growth round of funding. Brainly, a Quora-style platform that helps students find and contribute answers to typical homework questions in subjects like math, history, science, and social studies — is announcing that it has raised $30 million in funding — money that speaks to the momentum both of the company and the concept.
The funding was led by Naspers, which was also an investor in the company’s $14 million round in 2017, with participation also from Runa Capital and Manta Ray. It brings the total raised by the company to $68.5 million. Valuation is not being disclosed, including whether this was an up- or downround. For some context, the company was estimated to have a post-money $134 million valuation in its
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