Vancouver Edtech startup Wize has raised a USD $3 million funding round.
Founded in 2017, Wize is a fast-growing online education platform that delivers course-specific video tutorials and exam-like practice problems for high school, college, and university students across North America.
The funds will be used to develop and launch a new, more intuitive learning platform, and accelerate growth in content development across all grades, including the addition of MCAT and LSAT test prep.
In addition, funding will be used to accelerate the company’s expansion across Canada and into the U.S., and to further round out the team of education, UX, and development talent who will continue to evolve the Wize platform and offering, enabling it to become the world’s leading provider of online education for course-specific learning.
“The Wize platform already has a track record of success in developing and delivering superior course-tailored content, having helped over 70,000 students across North America with thousands of courses available on-demand,” says Cyrus Moradian, CEO, and Co-Founder of Wize. He adds: “We expect this momentum to accelerate as we continue our relentless focus on expanding our offering in a way that works best for students and parents.”
“Wize is passionately focused on helping people reach their potential and they deeply understand that we all learn in wildly different ways. Our educational institutions were not designed for that, and this last year has made that glaringly clear,” says Chris Bruzzo, EVP Marketing and Commercial at Electronic Arts, who has been advising Wize alongside a group of prominent angel investors and venture capital firms Luma Launch and Panache Ventures.
Bruzzo adds: “During the pandemic, the Wize team accelerated their plans to aid learners at every level — high school, college and university, and post-graduate education. Sure, it’s a massive business opportunity, but the Wize experience is entirely focused on empowering the human opportunity.”