Bulletin: EdTech startup Wize raises US$3 million
Funding will be used to accelerate the company's expansion across Canada and into the U.S.
Vancouver-based Wize, a fast-growing online education platform, announced that it has raised US$3 million in funding.
The funds will be used to develop and launch a new, more intuitive learning platform, and accelerate growth in content development across all grades, including the addition of MCAT and LSAT test prep, according to a statement released by the company.
In addition, funding will be used to accelerate the company's expansion across Canada and into the U.S., and to further round out the team of education, UX, and development talent who will continue to evolve the Wize platform and offering.
“The Wize platform already has a track record of success in developing and delivering superior course-tailored content, having helped over 70,000 students across North America with thousands of courses available on-demand,” says Cyrus Moradian, CEO, and Co-Founder of Wize. He added: “We expect this momentum to accelerate as we continue our relentless focus on expanding our offering in a way that works best for students and parents.”
Founded in 2017, Wize provides a platform and comprehensive learning tool and aims to provide any high school, college, or university student in North America with access to course-specific video tutorials, practice problems, and 1:1 tutoring.