Tuesday, October 12, 2010

Cramster

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Cramster is a provider of online homework aid with more than 200,000 active members, and it is growing at double digits. Cramster offers help in many subject areas including humanities, geometry, chemistry, and more.

After raising $6 million in Series B funding from Primera Capital co-Founder Robert Angarita said:

    "We took this funding to widen the gap and solidify our position as the leader in the field."

Founded in 2003, Cramster has raised a total of $9 million, including a $3 million Series A funding round in 2008 (led by investor Shai Reshef). The site, which competes with TutorVista and Global Scholar, provides homework help through several platforms, you can post questions to a community of experts, sift through a database of study guides, lecture notes and practice exams, form or join a study group and review interactive step-by-step textbook solutions. The community of experts, which includes retired professors, teacher assistants, professionals, peers, etc., receive a small monetary incentive to contribute. Experts accumulate points for their answers and those points can be redeemed for rewards, for example an Amazon gift card or electronics.

For students that need help, Cramster can be a lifesaver, and since we are just into the school season I thought you should know they exist. Here’s the link for Cramster.

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