Mobile Learning Gets $350K in Seed FundingTuesday, November 12, 2013
San Diego-based Mobile Learning Networks Inc. received $350,000 in seed funding, the company said recently.
The company, which bills itself as the future of tutoring, offers a way for tutors to give lessons via tablet computer.
The company said the seed money will help it launch into the market. The company plans to offer it’s app through the App Store in December. So far, customers have been using it by invitation, the company said.
Mobile Learning Networks said it has developed an exclusive, high-quality marketplace of tutors. The service offers what it calls an advanced whiteboard experience, among other features.
Andrew Meyer is the company’s president. Josh Roach is chief technology officer.
Online tutoring has the potential to disrupt traditional tutoring and test preparation industry services, Ibis World reported in March. Tutoring and test preparation franchises in the United States had $840 million in revenue and employed 115,000 people, according to Ibis analysts.
— SDBJ Staff Report