GoPeer, a platform designed to connect high school students with local, college-age tutors: The company closed an oversubscribed $265,000 funding round. Participants include Deborah Quazzo, managing partner at San Francisco-based GSV AcceleraTEand Slater Technology Fund.
One of GoPeer’s founders, Ethan Binder, told Rhode Island Inno that the majority of the funds will go toward spreading awareness and establishing marketing endeavors for the company, which currently has more than 4,400 users.
This isn’t the first financial move for the company. Its founders put $50,000 into the startup upon its inception, and it received $20,000 from two Rhode Island angel investors in 2018.
Founded in 2017, GoPeer graduated from a host of area accelerators, including the Social Enterprise Greenhouse’s Impact Accelerator program, MassChallenge Rhode Island and MassChallenge Boston.
“The most valuable part of those accelerators was to introduce us to their network of mentors and to learn from their expertise and insight,” he added, speaking to the geographical breadth of the startup’s seed investors.
Their investment also speaks to the increasing strength of the ecosystem.
“Deborah Quazzo is really involved in the education space; [her organization] invested in companies like Course Hero, Coursera, ClassDojo and many other globally renowned startups,” Binder said. “It’s really great news for a Rhode Island startup that someone like Deborah has taken interest in the Rhode Island ecosystem.”
