wizeprep

About wizeprep

Wizeprep operates as a direct-to-consumer educational technology platform in the North American market, providing supplementary learning resources to high school, college, and university students. The company was founded in 2017 by Cyrus Moradian (CEO), Mike Maloon (CTO), and Dante Phillips (CMO). The founding concept evolved from a previous venture started in 2012 called Beat Your Course, which provided in-person exam crash courses. The founders recognized the scalability limitations of in-person instruction, where one instructor cannot cater to the diverse needs of hundreds of students, prompting the pivot to a fully digital, on-demand model.

The company's revenue is generated primarily through a subscription-based model. For high school and university students, Wizeprep offers an 'All-Access Pass' subscription, which grants entry to its entire library of subject materials for a monthly fee. This service covers a range of subjects, with a notable focus on math and science. Additionally, Wizeprep generates revenue from specialized, higher-priced prep courses for standardized tests, specifically the MCAT and LSAT. The firm has shown a clear growth trajectory, securing $3 million in a seed funding round on January 28, 2021, to expand its content development, enhance its platform, and accelerate its expansion across Canada and into the United States.

Wizeprep's core service is an all-in-one education platform that offers course-specific video tutorials, practice problems, and access to expert tutors. A key differentiator is its proprietary technology that tailors content directly to a specific course syllabus at a particular academic institution. Students can search for their exact course code and find materials structured like their syllabus, including bite-sized video lessons, exam-like practice questions, and Q&A functions with subject matter experts. This approach contrasts with more generalized learning platforms by providing a curriculum-aligned experience. The platform also offers features like interactive mock exams and one-on-one coaching sessions in some packages. In 2021, Wizeprep acquired EssayJack, a platform focused on improving academic writing, to integrate into its suite of student tools.