About Studdy
Studdy is a company based in San Francisco (United States) founded in 2023 by Michael Lam.. Studdy has raised $500 thousand across 1 funding round from investors including Y Combinator and TRAC. Studdy offers products and services including Studdy App. Studdy operates in a competitive market with competitors including Shikho, Outschool, BrightChamps, LingoAce and Wiingy, among others.
- Headquarter San Francisco, United States
- Founders Michael Lam
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Sectors
Education
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$500 K (USD)
in 1 rounds
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Latest Funding Round
$500 K (USD), Seed
Jun 01, 2023
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Investors
Y Combinator
& 1 more
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Employee Count
Employee Count
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Products & Services of Studdy
Studdy offers a comprehensive portfolio of products and services, including Studdy App. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
App provides step-by-step explanations for homework problems.
Funding Insights of Studdy
Studdy has successfully raised a total of $500K through 1 strategic funding round. The most recent funding activity was a Seed round of $500 thousand completed in June 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $500,000
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First Round
First Round
(01 Jun 2023)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2023 | Amount | Seed - Studdy | Valuation | Y Combinator |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Studdy
Studdy has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Y Combinator and TRAC. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location | |
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Investments are made by TRAC in early-stage technology startups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Studdy
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Studdy
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Studdy Comparisons
Competitors of Studdy
Studdy operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Shikho, Outschool, BrightChamps, LingoAce and Wiingy, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Digital educational content and learning platform for students is provided.
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| domain | founded_year | HQ Location |
Multi-disciplinary online classes are provided via an app-based platform.
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| domain | founded_year | HQ Location |
Provider of live online STEM and life skills courses for children
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| domain | founded_year | HQ Location |
App-based platform providing tutoring sessions for language learning
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| domain | founded_year | HQ Location |
Online and in-person tutoring services are offered via a marketplace.
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| domain | founded_year | HQ Location |
App-based platform offering tutoring solutions for kids
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Studdy
When was Studdy founded?
Studdy was founded in 2023.
Where is Studdy located?
Studdy is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Studdy?
Michael Lam is the current CEO of Studdy. They have also founded this company.
Is Studdy a funded company?
Studdy is a funded company, having raised a total of $500K across 1 funding round to date. The company's 1st funding round was a Seed of $500K, raised on Jun 01, 2023.
What does Studdy do?
Studdy was founded in 2023 in San Francisco, United States, as an AI-driven platform in the education sector. Tutoring services are delivered through artificial intelligence, focusing on personalized assistance for homework and solutions to complex math problems. Targeted practice exercises are offered to support student learning of challenging concepts. Operations center on online delivery to students across various educational levels.
Who are the top competitors of Studdy?
What products or services does Studdy offer?
Studdy offers Studdy App.
Who are Studdy's investors?
Studdy has 2 investors. Key investors include Y Combinator, and TRAC.