Disrupt Learning: Tabtor Math Takes EdTech to the Next Level, raises $3.7M Series A investment
Tablet-based tutoring company reaches 60,000 registered users worldwide, gains investor support from Syven Capital and Princeton Review Founder
11 May, 2016, 10:00 ET
KENDALL PARK, N.J., May 11, 2016 /PRNewswire/ -- EdTech innovator Tabtor Math announced today that Princeton Review founder John Katzman has joined the Tabtor team as an investor as part of its $3.7M Series A investment led by Syven Capital. "Tabtor is a smart, focused new option for students who want to accelerate their progress in math, and I'm excited to be a part of it," said Katzman about his involvement.
Raju Venkatraman, Managing Partner of Syven Capital added, "We are excited to fuel Tabtor's innovation and global growth into a game-changer in K-8 education. The immense traction and growth that Tabtor has shown till date positions the company for superlative performance in the years to come".
Tabtor is a tablet-based math tutoring platform for grades K-8, designed to help students everywhere reach their full potential in math performance. Using a unique blend of world-class curriculum, state-of-the-art digital technologies and personalized guidance, Tabtor make math learning more immediate, relevant, engaging and fun than ever before.
Tabtor's mix of technology and personalization is getting results. Tabtor learners see as much as 90% improvement in math performance after just 3 months with the program. The company reports a 97% customer retention rate --in an industry where the standard is closer to 50%. Tabtor Math also recently received the National Parenting Center Seal of Approval for 2015.
Tabtor CEO Raj Valli sees Tabtor Math as part of a broader trend toward greater accessibility and convenience -- all driven by technology. "Blockbuster used to be the default way of watching movies, and then Netflix came along and made the process simpler and more convenient," Valli explains. "You see the same thing in transportation, with Uber coming along and providing a more convenient, technology-driven alternative to taxis."
With Tabtor Math, Valli says, Tabtor is aiming to bring the same level of affordability and convenience that Uber brought to ride hailing and Netflix brought to video and apply it to tutoring -- without sacrificing the personalized touch that parents look for. The result: a service that is positioned to replace location-based and paper worksheets-based tutoring franchises such as Kumon.
"Kumon has been the standard for tutoring outside the classroom for decades now, but the fact is their model is simply too inflexible and limited to scale effectively," Valli observes. "Not only that, but they don't provide the one-on-one guidance students need daily to move forward. Tabtor solves both of these issues, and provides parents with a tutoring alternative that is both personalized and affordable at the same time."
At the core of the Tabtor Math innovation is Tabtor's patent-pending Active Replay Technology (ART), which gives tutors and parents the ability to "rewind" a student's work and watch the steps the student followed to reach their solution. "The answer to the problem is only part of the story," Valli explains. "Just as important is the steps the student followed to get that answer. With ART, we have the ability to visualize their thinking and watch that process as it unfolds, which gives us a much more nuanced understanding of the student's learning style and how we can help them." Combine ART with other state-of-the-art features including patent-pending digital-paper technology, automatic grading, video tutorials, mind-mapping abilities and adaptive analytics, and you get the most personalized, most technology-forward learning product on the market today.
Ultimately, Tabtor's goal is to make sure students everywhere have access to the resources and tools they need to succeed. "Education has always been a great equalizer and provider of opportunity," Valli says. "At Tabtor, we're honored to be part of that process, and help students everywhere reach their full potential."
The company also has reached significant milestones over the past year, including joint go to market arrangements in South Africa with the partner Via Afrika, a leading publisher and part of multi-billion-dollar conglomerate Naspers. As part of the partnership, Via Afrika Tabtor is now also available in Afrikaans.
"We are committed to investing in strategic partners who are delivering significant, demonstrated value to customers," said Mike Thompson of Thompson Capital Partners. "Tabtor has achieved outstanding growth and continued innovation in the education market while exceeding our performance expectations."
Dr. Ranjan Pai, Managing Partner of Aarin Capital Partners, who have continued to invest in Tabtor added, "Consumers today have an innovative, convenient, and affordable option for their tutoring needs. Tabtor's transformative approach using Active Replay Technology and availability of tutoring via iPads and Android tablets has transformed the entire tutoring landscape across the world."
"This round will give us the ability to expand & scale Tabtor as a platform offering personalized tutoring supporting multiple subjects, languages across the globe." Sundi Natarajan, CEO of Tabtor India.
More information about Tabtor Math is available on the company's website: http://www.tabtor.com/
For more information about this story, contact:
Moo Kim - Head of Marketing & Customer Experience
About Tabtor Math
Tabtor Math has rapidly become the world leader in personalized, iPad and Android tablet-based math tutoring using a unique combination of digital analytics, dedicated tutors and patent-pending Active Replay Technology (ART). ART allows our tutors to play back student work and give feedback specific to the mistake. A companion smartphone app provides parents with insights on a daily basis. Tabtor Math's learning program provides personal attention from a dedicated tutor and is specifically tailored to every child's unique learning needs. It offers a world-class curriculum aligned with provincial, state and country standards for grades K-8. With over 60,000 students spanning across 12 countries, students have seen up to 90% improvement in math performance after just 3 months. For more information, visit www.tabtor.com.
SOURCE Tabtor Math
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