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Ready4 is a test preparation and college admissions services startup company.
| Formerly | LTG Exam Prep Platform |
|---|---|
| Company 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 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.
- ^ 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.