Ready4
Formerly | LTG Exam Prep Platform |
|---|---|
| Private | |
| ISIN | 🆔 |
| Industry | HigherEd, Admissions, Test preparation |
| Founded 📆 | 2013 Boston |
| Founder 👔 | Elad Shoushan |
| Headquarters 🏙️ | , |
Number of locations | 2 (United States and Worldwide) |
Area served 🗺️ | Worldwide |
Key people |
|
| Products 📟 |
|
| Members | |
Number of employees | 55 (2017) |
| 🌐 Website | ready4 |
| 📇 Address | |
| 📞 telephone | |
Ready4 is a test preparation and college admissions services startup company.
Ready4 was chosen among EdTech 20, the twenty most innovative educational technology companies, in 2016.[1] It was a finalist in MassChallenge's 2013 accelerator, as well as a semi-finalist in 2013 MIT $100K Entrepreneurship Competition.[2]
History[edit]
The company was founded by Israeli tech entrepreneur and former Israeli professional basketball player, Elad Shoushan. A graduate of MIT's Sloan School of Management, Shoushan led the company from inception to exit. He started the company after failing the GMAT a few times and became motivated to create a mobile platform that would turn test prep into a more personalized experience.[3]
The Prep4GMAT app was originally coded for iOS. Shoushan launched the Android version in August 2014 and raised $3 million from TAL Education Group, Atlas Venture, Jamie McCourt, Yongjin Group and Zhen Fund.[4]
The company raised $5.33 million in Series A funding in March 2016. The round was led by Square Peg Capital and included Accomplice, as well as various angel investors.[5] At the time, the apps were being used by half a million students worldwide.[6]
In 2019, Ready4 was acquired by TAL Education Group (NYSE:TAL) to provide Ready4's offering at a larger scale.[7][8]
References[edit]
- ↑ Sophie Blitman (13 June 2016). "Exclusif. EdTech : les 20 start-up qui comptent en Europe" (in french). EducPros.fr. Retrieved 22 November 2016.CS1 maint: Unrecognized language (link)
- ↑ Lauren Landry (21 August 2014). "MIT-Spun Startup Raises $3M to Help More Than Just Aspiring MBAs Study On the Go". BostInno. Retrieved 22 November 2016.
- ↑ Tina Irgang. "How failing the GMAT 4 times turned Elad Shoushan onto a winning business idea". Smart CEO. Retrieved 22 November 2016.
- ↑ Julian Chokkattu (21 August 2014). "LTG Exam Prep Platform Raises $3M In Series A Round To Develop SAT, More Test Apps". TechCrunch. Retrieved 22 November 2016.
- ↑ Olivia Vanni (3 March 2016). "LTG Exam Prep Raised $5.25M to Go Beyond Its Free Mobile Test Prep". BostInno. Retrieved 22 November 2016.
- ↑ "Israeli startup LTG Exam raises $5.3m". Globes. 21 March 2016. Retrieved 22 November 2016.
- ↑ "TAL Education Acquires Test-Prep and College Admissions Startup, Ready4 - EdSurge News". EdSurge. 2019-02-08. Retrieved 2020-03-26.
- ↑ "Beijing's TAL Education Group acquires Israeli-founded Ready4". The Jerusalem Post | JPost.com. Retrieved 2020-03-26.
External links[edit]
This article "Ready4" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Ready4. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
- Blanked or modified
- Test preparation companies
- Educational software companies
- American companies established in 2012
- 2012 establishments in Massachusetts
- Software companies based in Massachusetts
- Technology companies based in the Boston area
- Virtual learning environments
- Privately held companies based in Massachusetts
- Defunct software companies of the United States
- Software companies established in 2012
