InstaEDU, a new website that offers one-to-one academic instruction to users, has raised $1.1 million in a seed round of funding. Led by The Social+Capital Partnership, the round also includes angel investors Bobby Yazdani, Dylan Smith, Todd Bradley, John Johnston and Nirav Tolia. Mamoon Hamid, a General Partner at The Social+Capital Partnership has joined InstaEDU’s board of directors.
InstaEDU makes it possible for anyone to instantly connect with a student from a top U.S. university and get help with any subject, any time of the day. It currently has a team of some thousand tutors, all of whom from top universities like Stanford and Harvard. The site is currently in public beta.
It costs students 50 cents a minute to get academic help. Tutors get $20 per hour.
Prior to starting InstaEDU, the founding team ran the in-home tutoring company Cardinal Scholars.