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Snapask raises a US$35 Million new Funds for Expansion

Snapask, the online learning startup, announced a raise of funding amounting to US$35 million led by Asia Partners and Intervest

Snapask is an education technology company that applies machine learning and mobile cloud services to make education more effective, personalized, and accessible to everyone. Students could ask questions and tutors would answer them.

Snapask reported a US$35 million round in 2020 led by Asia Partners from Singapore and Intervest from South Korea, aiming to further expand its services in Southeast Asia. Founded in 2015, Snapask is currently supporting over 2.5 million students across 10 regions in APAC in their after-school studies.

According to Timothy Yu, founder and CEO of Snapask, the company will expand into Vietnam and focus markets in Southeast Asia. Yu also said that they plan to open a regional headquarter in Singapore and develop video content and analytics products for its platform.

Striving to be the biggest and best Q&A service available to students, Snapask launched its flagship mobile application featuring its “Question & Answer” (Q&A) service. The app connects students in need with qualified tutors within seconds.

Snapask app featured image
Snapask app (Credits: play.google.com)

“Students have a very clear objective about what topics they need to study, so that is driving a very lucrative market in the tutoring industry. But I think what Snapask focuses on is that exams are important, but you should do it the right way. We’re about self-directed learning. It’s not necessary to go to three-hour classes every day after school. If you need specific help on a question, you can ask for it immediately,” said Yu.

“We will continue to invest in both products and content to meet students’ learning needs, focusing on the promotion of self-directed learning and creating environments in which students can compete and cooperate with peers,” added Yu.

Snapask also released the “Learning Planner” in 2018, which takes Snapask 1 step closer towards providing personalized learning support to students. The features support a personalized content recommendation based on students’ revision habits and learning progress.

Nick Nash, Co-Founder and Managing Partner of Asia Partners said, “Snapask is a clear illustration of Asia Partners’ focus in solving the growth capital funding gap for tech companies in Southeast Asia. The company has already demonstrated a strong product-market fit in Hong Kong, Taiwan, and Singapore and is already successfully expanding in emerging markets like Indonesia, Thailand, and Malaysia. The company exemplifies our interest in humble ‘Rhinos’, which focused on sustainable growth with a clear path to profitability.”

Snapask was one among the top 20 finalists at the 2017 EdTechXGlbal All Star Growth Awards.

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