Barcelona-based Masterplace gets €1.85 million to address low completion rates in online courses with AI support
Summary
Masterplace, an AI-based edtech platform that assists tutors in creating, delivering, and monetizing comprehensive courses through artificial intelligence, has raised a €1.85 million seed round. The funding, backed by a group of business angels and Ilya Rouss, founder of Masterplace, will be used to launch its AI-powered educational platform that offers content for students and empowers mentors to effortlessly create courses while simplifying student tracking and evaluation. Masterplace was founded by a team of seasoned business and educational professionals, including Ilya Rouss, a serial entrepreneur with 15 years of experience in technological projects and marketing, who has managed campaigns and pro-athlete sponsorships for renowned brands such as Eurasian Bank, Red Bull, and Yamaha. All educational content generated on Masterplace is part of a blockchain, promoting the accumulation of knowledge while ensuring the intellectual property rights of both teachers and students. With this unique non-fungible record, Masterplace aims to establish its sessions and content as accepted bibliographic references for future academic work.
Funding
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