Company:Ready4
 | This article may have been created or edited in return for undisclosed payments, a violation of Wikipedia's terms of use. (January 2018) |
| Formerly | LTG Exam Prep Platform |
|---|---|
| Type | Private |
| 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 |
|
Number of employees | 55 (2017) |
| Website | ready4 |
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
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
- ↑ Sophie Blitman (13 June 2016). "Exclusif. EdTech : les 20 start-up qui comptent en Europe" (in french). EducPros.fr. http://www.letudiant.fr/educpros/actualite/edtech-les-20-start-up-qui-comptent-en-europe.html. Retrieved 22 November 2016.
- ↑ Lauren Landry (21 August 2014). "MIT-Spun Startup Raises $3M to Help More Than Just Aspiring MBAs Study On the Go". BostInno. http://bostinno.streetwise.co/2014/08/21/ltg-exam-prep-platform-raises-3-million-prep4gmat-app/. Retrieved 22 November 2016.
- ↑ Tina Irgang. "How failing the GMAT 4 times turned Elad Shoushan onto a winning business idea". Smart CEO. http://www.smartceo.com/how-failing-gmat-4-times-turned-elad-shoushan-onto-a-winning-idea/. 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. https://techcrunch.com/2014/08/21/ltg-exam-prep-platform-raises-3m-in-series-a-round-to-develop-sat-more-test-apps/. Retrieved 22 November 2016.
- ↑ Olivia Vanni (3 March 2016). "LTG Exam Prep Raised $5.25M to Go Beyond Its Free Mobile Test Prep". BostInno. http://bostinno.streetwise.co/2016/03/03/free-test-prep-ltg-exam-platform-gets-startup-funding-to-expand/. Retrieved 22 November 2016.
- ↑ "Israeli startup LTG Exam raises $5.3m". Globes. 21 March 2016. http://www.globes.co.il/en/article-israeli-startup-ltg-exam-raises-53m-1001111547. Retrieved 22 November 2016.
- ↑ "TAL Education Acquires Test-Prep and College Admissions Startup, Ready4 - EdSurge News" (in en). 2019-02-08. https://www.edsurge.com/news/2019-02-08-tal-education-acquires-test-prep-and-college-admissions-startup-ready4.
- ↑ "Beijing's TAL Education Group acquires Israeli-founded Ready4". https://www.jpost.com/israel-news/beijings-tal-education-group-acquires-israeli-founded-ready4-580259.
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