Cramster, an online network for getting homework assistance, has raised $3 million in its first round of funding. An online version of the study group, Cramster takes the community approach to helping students with homework instead of merely providing an answer.
While Cramster has already experienced growth during this past school year and has good standing with its Courses 2.0 Facebook application, Cramster’s initial round of funding will go towards new subject areas beyond math and science, as well as marketing towards college and high school markets. There are a number of education-related networks that provide online resources and/or leverage Facebook for homework assistance, such as TheCollegeFreeway.
This round was led by angel investor Shai Reshef, who has also been named Chairman of Cramster. This expansion will be guided by Reshef, who has over twenty years of experience. He has headed two education companies that have gone on to be acquired, one of which was a dedicated e-learning service.