Snapask, an education technology startup behind an on-demand tutoring app, has secured funding of $35 million earmarked for further expansion in Southeast Asia. The company has now raised a total of $50 million, with the latest round led by Asia Partners from Singapore and South Korea’s Intervest, among others.
Snapask’s mobile app allows students to ask questions with a snapshot and then matches them with a tutor to have an instant one-to-one learning session.
Founded in 2015, the startup is now used by over 3 million students with over 350,000 tutors across Hong Kong, Taiwan, Singapore, Malaysia, Indonesia, Thailand, Japan and Korea.
The fresh capital will allow the company to further cement its presence in these markets, particularly Vietnam and Singapore, where it plans to open its regional headquarters.
Nick Nash, co-founder and managing partner of Asia Partners, added:
“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.”
Founder and CEO Timothy Yu said Snapask will also focus on the development of analytics products to promote self-directed learning technology and video learning content.