Kunduz (2023)
About this raise
Kunduz, with a valuation of $45 million, is raising funds on Wefunder. The company has developed an educational app that instantly answers students’ questions and makes learning faster and cheaper. The app has an extensive AI-based library that answers 80% of the questions automatically and gives a SaaS-level gross margin. Kunduz has been used to answer over 100 million questions by 35,000 tutors and has more than 50,000 paying users with a 95% monthly retention rate. Basar Basaran, Melih Sener, and Baris Bilgic founded Kunduz in 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for US college market expansion, maintenance and scaling of the Turkey product and operations, and marketing.
Investment Overview
Invested : $55,122
Deal Terms
Total Commitments
- Platform
- Wefunder
- Start Date
- 05/04/2023
- Close Date
- 08/15/2023
$50,000
$124,000
$100
SAFE
Series A
RegCF
$45,000,000
0%
Company & Team
Company
- Year Founded
- 2018
- Industry
- Education, Training, & Coaching
- Tech Sector
- Distribution Model
- B2B2C
- Margin
- Medium
- Capital Intensity
- Low
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Company Funding & Growth
Funding history
- Total Prior Capital Raised
- $5,503,992
- VC Backed?
- Yes