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neutral point of view. (January 2018) |
Formerly | LTG Exam Prep Platform |
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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 |
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Products |
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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]
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]