Course Hero, a leading online learning platform for crowdsourced study resources, announced Tuesday that it has closed $15 million in Series A financing.
The investment was led by GSV Capital Corp. (NASDAQ: GSVC) and IDG Capital, with existing investors SV Angel and Maveron also participating.
The new funding will be used to accelerate the growth of the Course Hero team and expand the reach of the content, tools, and services Course Hero provides to help students achieve their academic goals.
“Course Hero has the potential to be the peer-to-peer marketplace in education by enabling millions of students worldwide to access the best crowdsourced learning tools and materials,” said Michael Moe, chairman and CEO of GSV Capital.
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Founded in 2006 by Cornell University student Andrew Grauer, Course Hero was built on the belief that access to knowledge enriches lives and increases future opportunities.
The platform connects college and high school students with the online content and expert tutors to create an environment where everyone can learn in a way that best fits their needs.
By delivering supplemental resources in specific courses, Course Hero says it helps students to learn more effectively and succeed.
The Silicon Valley-based company provides educational resources in the form of homework help from expert tutors, customizable flashcards, and course-specific notes, study guides, and practice tests to help students study more efficiently, both inside and outside the classroom.