Masterplace, a Spanish educational technology startup, has raised $2 million in seed funding. The round was backed by a group of business angels and Ilya Rouss, the company’s founder. With this investment round, the company plans to launch the first-of-its-kind AI-powered educational platform to promote education for societal benefit.
Masterplace was founded by 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. The company promotes education for societal benefit by offering top-notch content for students and empowering mentors to create and manage courses easily. It also provides blockchain-secured information to protect intellectual property, making it suitable for aspiring teachers and students without formal degrees looking to establish their sessions as recognized academic references.
With this unique non-fungible record, the firm aims to establish its sessions and content as accepted bibliographic references for future academic work. The AI-assisted EdTech platform assists tutors in creating, delivering, and monetizing comprehensive courses, even if it’s their first time teaching. Students can access a wide range of courses that are adaptable to their contexts. At the same time, Web3 technology ensures the intellectual property rights of both course content and its development for both students and teachers.
Speaking about the company, Founder & CEO of Masterplace, Ilya Rouss, said:
Masterplace was born in response to the needs of content creators, helping them create and monetize their courses, when we noticed that only 10% of online course enrollees complete them. Therefore, we decided to make a structure that helps content creators save time and effort in course development and incentivizes users to complete the courses they purchase successfully.
The Masterplace app is now available on the Apple Store for iOS users and the Google Store for Android users.
