Introduction
Numerade is an online learning tool that enhances STEM education by reintroducing comprehension. Children nationwide who attended online schools in the 2020–2021 school year did 8% better in reading and 13% worse in arithmetic when compared to those who attended traditional classrooms. The circumstances that Nhon Ma and his co-founder Alex Lee personally observed while growing up in Los Angeles gave birth to Numerade. Ma didn’t have access to tutoring while attending Campbell Hall High School in North Hollywood, unlike many of his friends.
Here, Nhon Ma experienced directly the positive effects tutoring may have on a student’s academic performance. While attending USC as an undergraduate, co-founder Lee observed the need for academic assistance firsthand when he volunteered as a tutor for kids from nearby South Los Angeles communities.
Company Highlights
| Company Name | Numerade |
| Headquarter | Los Angeles, California, USA |
| Industry | Ed-tech |
| Founded | 2019 |
| Founder | Nhon Ma and Alex Lee |
| Website | http://www.numerade.com/ |
Numerade – About
Numerade is an educational platform that provides students with comprehensive study aid in subjects such as math, science, technology, and engineering. It offers a variety of resources, including textbooks, video solutions, and other materials to help students understand complex concepts across a wide range of topics, such as mechanics, organic chemistry, molecular biology, precalculus, linear algebra, AP physics, and trigonometry. Numerade’s mobile app is available for download on iOS devices, allowing students to access study materials and video solutions on the go. With its diverse range of content, Numerade is a valuable tool for students seeking to improve their academic performance in STEM subjects.
Industry
Numerade is an online learning platform that revitalizes STEM education. An online assistance resource that gives you the means to prioritize understanding—that is, comprehending what you learn, why it matters, and why it matters to you.
Founders and Team
Co-Founder
Co-Founder
Three-time founder and two-time Google employee Nhon Ma is the CEO and co-founder of Numerade. He has held positions in operations, strategy, product, and analytics at some of the company’s newest and most creative ventures.
HugeIQ and TutorCast are two EdTech firms that CTO and Co-Founder Alex Lee previously founded.
The Wall Street Journal hired Jon Buckley as vice president of growth after he was instrumental in the publication’s achievement of its highest-ever membership base.
With a Ph.D. in statistics and a wealth of research expertise in both deep learning and natural language processing (NLP), Chun-Chao Lo is an ML/AI engineer.
Before joining 9Dots and Code To The Future as Head of Partnerships, Jake Steedman oversaw the operations and relationship development processes at both EdTech organizations.
Startup Story
According to Nhon Ma, the co-founder of the online tutoring platform Numerade, the challenge of students struggling to keep up with classroom learning will persist unless more children have access to tutoring outside of the classroom. Ma emphasizes that additional support through online tutoring can help bridge the learning gaps, providing students with personalized, on-demand help to improve their understanding of key concepts and enhance their academic performance. Numerade’s platform offers a solution by providing accessible, affordable tutoring resources in various STEM subjects.
Mission and Vision
The goal is to eliminate the disparity in educational opportunities by providing everyone access to exceptional teachers and the resources they provide.
Logo
Business Model
Numerade offers a subscription service priced at $14.99 per month, providing students with access to a variety of educational resources, including video solutions and personalized tutoring. In an effort to support students from all backgrounds, the platform offers discounted plans for low-income households. Despite serving students from diverse socioeconomic backgrounds, Nhon Ma, co-founder of Numerade, emphasizes that the company prioritizes supporting underprivileged areas, ensuring that every student has the opportunity to succeed academically, regardless of financial circumstances. While extracurricular academic support is crucial, Ma and his partner Wolske agree that traditional classroom education is still necessary for students to acquire essential skills for their future careers.
Currently specializing in STEM tutoring, Numerade addresses critical subjects like math, science, engineering, and technology. The company is not only focused on helping students with immediate academic challenges but also plans to expand its reach in the next few years. Numerade intends to serve a global audience, extending its offerings to K–12 and higher education students. This expansion aims to make quality STEM education accessible to students worldwide, further solidifying Numerade’s role as a leader in online tutoring and educational resources.
Revenue
Entrepreneurs in the ed-tech space are making use of their moment to re-evaluate the designs and effects of almost all facets of contemporary education, from the practicalities of information retention to the art of assessment. A straightforward commodity, the coaching session, could be the most popular one up for grabs. A $100 million valuation on scalable, superior coaching sessions was recently offered by Numerade, an ed-tech company that was established in 2018. Presently, it’s projected yearly income is $146M. It is projected that Numerade makes $196,000 for each employee.
Products and Services
Using short-form videos produced by professional instructors, the Pasadena, California-based edtech startup has been providing online tutoring services since 2018. Students may also use the online platform to ask questions about math and science homework assignments they are having trouble with. Although one-on-one tutoring has historically been the norm, hiring a tutor may be expensive, and many kids in the LAUSD system cannot afford this expense.
Numerade’s AI instructor, in contrast to traditional tutors, is available around the clock, covers 25 disciplines, and has a level of skill that goes beyond an undergraduate degree. The company’s main source of income is a monthly subscription that grants unrestricted access to instructional videos. Direct Q&A, live streaming, and class notes are examples of premium add-on services that offer further income prospects.
Funding and Investors
Recently, Numerade secured a $26 million Series A financing sponsored by $20 billion investment company IDG Capital, which possesses extensive experience in both venture capital and private equity. The lead investor in Numerade’s Series A round was Ring Ventures, the alumni venture fund for the Texas A&M community. In addition, Westwood Ventures, Triphammer Ventures, and 116 Street Ventures, sister funds representing the communities of UCLA, Cornell, and Columbia, participated in the round. Additionally, a Syndication possibility helped us raise a portion of our allotment.
Employees
It has 46 employees.
Growth
Numerade secured $26 million in Series A investment and reached 20 million students, saving them hundreds of millions of hours of frustrating learning. The platform included topics ranging from pre-algebra to quantum physics.
Partners
Schools may get online instruction from leading US and international instructors by partnering with Numerade.
Competitors
Numerade’s primary rivals include algebra.com, gauthmath.com, socratic.org, and chegg.com.
Future Plan
As Numerade looks to the future, its goals vividly depict an engaging, customized, and accessible STEM teaching environment. Imagine learning environments where AI adjusts the curriculum to each student’s unique learning style and where peer-to-peer mentoring fosters student success. Numerade stands out for its dedication to promoting this collaborative learning environment in both online and offline settings.
Conclusion
Numerade is more than just a platform—it’s a movement. A movement that fosters knowledge, sparks curiosity, and deepens understanding in the fields of STEM. As the company continues to expand and innovate, it holds the promise of transforming the future of education. With its dedication to making learning accessible and engaging, Numerade stands poised to lead the way, becoming a guiding beacon for students around the world in their pursuit of academic success and intellectual growth. The future of STEM education is bright, and Numerade is at the forefront of this exciting journey.
FAQs
When was Numerade founded?
In 2018, it was established.
Who is the founder of Numerade Corporation?
The founders are Alex Lee and Nhon Ma.
Who is the CEO of Numerade Corporation?
The CEO is Nhon Ma.
Who are the main competitors of Numerade?
The top rivals include algebra.com, gauthmath.com, chegg.com, and socratic.org.
Ankit Kataria is an experienced content writer with over 2 years of expertise in crafting insightful articles on startups, trending topics, business, economy, and finance. With a keen eye for detail and a passion for delivering well-researched content, Ankit ensures that his articles are engaging, informative, and valuable to readers. His writing style blends analytical depth with clarity, making complex topics easily understandable for a broad audience.
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