Simplisico

Company Overview

Snapshot

Founded in September 2013 by Offir Goldstein and Idan Givati, Simplisico operated with 1–10 employees. The company raised $30,000 across one funding round from MindCET. Simplisico ceased operations in January 2021.

Business overview

Simplisico is a platform focused on providing virtual private math tutoring for high-school and first-year college students, specifically in algebra and calculus. The company's core technology is powered by a smart algorithm that delivers immediate answers and explanations to user questions. Simplisico operates within the Education & Knowledge Technologies sector, serving the K-12 and Higher Education markets, with a business model primarily targeting consumers.

Strategic signal

Simplisico ceased operations in January 2021, indicating a conclusion to its venture in virtual math tutoring. This event signals to investors and innovation teams the challenges faced by the company in the competitive education technology landscape, despite its initial funding and focus on a specific niche.

Company Intelligence Q&A

When was Simplisico founded?

Simplisico was founded in September 2013.

Who were the co-founders of Simplisico?

Simplisico was co-founded by Offir Goldstein and Idan Givati.

What was the total capital raised by Simplisico?

Simplisico raised a total of $30,000.

When did Simplisico cease operations?

Simplisico ceased to operate in January 2021.

Which investor participated in Simplisico's funding round?

In March 2014, Simplisico received $30,000 in funding from MindCET.