Learnt offering is now closed and is no longer accepting investments.

Online AI-powered tutoring platform

INVEST IN LEARNT TODAY!

Learnt is a user friendly, instant tutoring education platform. Learnt democratizes tutoring through an interactive and instant virtual learning environment powered by a platform that supports students at all steps of learning.
This Reg CF offering is made available through StartEngine Capital, LLC. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.
Learnt

REASONS TO INVEST

Reasons Icon

Learnt is the founders' second chapter in the online education space. Tutor the People, a wholly-owned subsidiary of Learnt, has generated over $1M dollars in revenue since inception and averaged 169% YOY growth over the last two years.

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Due to the worldwide pandemic, colleges and universities as well as primary and secondary schools have made an enormous shift toward online and virtual learning.

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The total market size of the K-12 tutoring market worldwide is growing at a CAGR of 12.75% and is projected to reach a total market value of $121 Billion + by 2021.

ABOUT

HEADQUARTERS
3111 Avenue R.
Galveston, TX 77550
VALUATION

Learnt is a user friendly, instant tutoring education platform. Learnt democratizes tutoring through an interactive and instant virtual learning environment powered by a platform that supports students at all steps of learning.

TEAM

Andrew Nimmich, MD
Andrew Nimmich, MD
Chief Executive Officer

Medical Doctor and vascular surgeon in training, and two-time tech co-founder of AI-driven learning platform Learnt, and Tutor the People, which has helped thousands of students raise their scores and gain scholarships - with 8 years in test prep, tutoring and Ed-tech. Andrew spends approximately 50 hours a week dedicated to Learnt.

Eliza Nimmich
Eliza Nimmich
Chief Operating Officer

Growth marketing executive with 15 years tutoring experience and tech co-founder of AI-driven learning platform Learnt, and Tutor the People. She manages all students, tutors and team members. Multi-lingual in French and Russian. Eliza spends approximately 70 hours a week dedicated to Learnt.

Jonathan Maxim, MBA

Jonathan Maxim, MBA

Chief Marketing Officer

Fortune 500 marketing strategist turned growth hacker who’s led global campaigns for top brands, including Monster Energy, Xfinity, and TikTok, which gained 22,800 app installs in the first 30 days of their campaign. Jonathan and his team contribute roughly 30 hours per week to Learnt.

Cosmin Albulescu

Cosmin Albulescu

Lead Back-End Engineer, Full Time Contractor

An insightful full-stack engineer with experience building Macmillan's digital education platform. Cosmin sees the big picture in the software he writes, and is always keenly aware of the required symbiosis between business plan and software product development. Cosmin works full time.

Zach Sivertson, MBA

Zach Sivertson, MBA

Advisor

Managing Director, Prelude a VC fund by Mercato Parnters. Expert in product management and Cyber security who served as the senior product management director for Symantec. Founded TrueTutor.co, an online tutoring platform acquired by Learnt last year. Zach works as an advisor on a needed basis. Approximately 2 hours a week.

Davis Warnock, MBA

Davis Warnock, MBA

Advisor

Managing Director, Prelude a VC fund by Mercato Parnters. Partner in the first secondary fund in Utah (Lumen Group) which invested $33 million in 34 companies. Prior to venture capital, Warnock was the principal in more than 50 private equity transactions and launched several businesses. Davis works as an advisor on a needed basis. Approximately 2 hours a week.

TERMS

Learnt
Overview
INTEREST RATE
5.0%
MATURITY DATE
Jul 1, 2022
VALUATION CAP
$9M
AMOUNT RAISED
$160,570.10
Breakdown
MIN INVESTMENT
$250.00
DISCOUNT RATE
20.0%
CONVERSION TRIGGER
$1,000.00
OFFERING TYPE
Convertible Notes
TYPE OF EQUITY
Class A Common Stock


Company

:

Learnt Corporation

Corporate Address

:

3111 Avenue R., Galveston, TX 77550

Offering Minimum

:

$10,000.00

Offering Maximum

:

$1,070,000.00

Minimum Investment Amount

(per investor)

:

$250.00











Terms


Offering Type

:

Convertible Promissory Notes

Type of Equity Converted Into

:

Class A Common Stock

Conversion Trigger

:

$1,000,000.00

Maturity Date

:

July 01, 2022

Valuation Cap

:

$9,000,000.00

Discount Rate

:

20.0%

Annual Interest Rate

:

5.0%
















What is a Convertible Note?

A convertible note offers you the right to receive Class A Common Stock in Learnt Corporation. The amount of Class A Common Stock you will receive in the future will be determined at the next equity round in which the Company raises at least $1,000,000.00 in a qualified equity financing. The highest conversion price per security is set based on a $9,000,000.00  Valuation Cap or if less, then you will receive a 20.0% discount on the price the new investors are paying.  You also receive 5.0% interest per year added to your investment.  When the maturity date is reached, if the note has not converted then you are entitled to receive Class A Common Stock equal to your investment and interest back at a price per security determined by dividing the Valuation Cap by the aggregate number of outstanding equity securities of the Company as of immediately prior (on a fully diluted basis).



*Annual Interest Rate subject to adjustment of 10% bonus for StartEngine shareholders. See 10% Bonus below

Investment Incentives and Bonuses*

All Investor Owners Club

Tier 1 Perk: Free 30 minutes of tutoring for investors or their child (not to exceed $50/hr)

Tier 2 Perk: Free 1 hour of tutoring for investors or their child (not to exceed $50/hr)

Tier 3 Perk: Free 5 hours of tutoring for investors or their child (not to exceed $50/hr)

Tier 4 Perk: Free 10 hours of tutoring for investors or their child (not to exceed $50/hr)

Tier 5 Perk: Free 30 hours of tutoring for investors or their child (not to exceed $50/hr)

Early access to products

Investors receive early beta launch invitations to all software product launches

Early Bird

First 72 hours - Friends and Family | 15% bonus on the Convertible Note interest rate

Next 72 hours - Super Early Bird | 10% bonus on the Convertible Note interest rate

Next 7 days - Early Bird Bonus | 5% bonus on the Convertible Note interest rate

Volume

$500+ (Tier 1 perk)

$1,000 (Tier 2 perk)

$5,000+ (Tier 3+ 2% bonus on the Convertible Note interest rate)

$10,000+ (Tier 4 + 5% bonus on the Convertible Note interest rate)

$25,000+ (Tier 5 + 10% bonus on the Convertible Note interest rate)

The 10% Bonus for StartEngine Shareholders

Learnt Corporation will offer 10% additional bonus interest for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.

Eligible StartEngine shareholders will receive a 10% increase in the annual interest rate on Convertible Promissory Notes in this Offering. This means your annual interest rate will be 5.5% instead of 5%.

This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are cancelled or fail.

Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.

*All perks occur when the offering is completed.

Irregular Use of Proceeds

We will not incur any irregular use of proceeds.

PRESS

Article Image
Business Insider

6 online test prep platforms that can help you get the score you want on the GRE, GMAT, LSAT, and MCAT










ALL UPDATES

04.19.21

Learnt launches tutoring platform

Learnt launches with a brand new design with 239 active users. The platform is also having its first online tutoring sessions and is generating revenue. With the current mechanism in place, it is estimated that the app will have 7,500 users by July.

Now is the last chance to invest, as Learnt’s campaign will close permanently in 4 days, due to new Start Engine raise minimums.

04.09.21

Investment minimum reduced to $250

Our investment minimum has been reduced for the final, remaining days of our campaign. Now you can invest for only $250! More updates to come prior to campaign closure. 

04.05.21

Only 18 days left to invest in Learnt

Dear Start Engine Investors,

Start Engine has changed its rules in that it is only continuing crowdfunding campaigns that have raised 500k in the past year. In order to qualify, we would need to raise approximately 350k in the next three months. The amount of investment of time and capital to raise this amount in such a short period of time would make it difficult for our team to focus on user acquisition and growth of the new Learnt platform. Therefore, we have decided to end our campaign in 18 days and seek alternative funding sources to supplement our revenues in order to grow our marketplace. We appreciate continued faith in Learnt and will update the community in the coming days as we fully launch our software.


03.31.21

Notice of Funds Disbursement

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, Learnt has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Learnt be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

03.22.21

Notice of Material Change in Offering

[The following is an automated notice from the StartEngine team].

Hello! Recently, a change was made to the Learnt offering. Here's an excerpt describing the specifics of the change:


Learnt, Inc. is extending their campaign by 30 days.


When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.

03.08.21

Learnt Featured on Nasdaq.com's "The 7 Best Startups You Can Buy on StartEngine Right Now"

Read the article by clicking here

03.02.21

Learnt passes beta testing, will launch this month!

Learnt invited over 450 users to join the app during its first month of beta testing and over 100 users have signed up! Few bugs arose, which were addressed efficiently. We have focused our business efforts specifically on automation and preparing for scale. We are now working with a team of 7 developers to grow the product and automate, streamline, and scale our business processes for higher revenue/profit potential. 

We have not "opened the flood gates," yet, so to speak. We are letting people in slowly and intentionally. We will continue letting users into the Beta with plans to launch fully in by the end of March once the new homepage is live. As we push forward to full launch we ask investors and our followers to share the opportunity as much as possible! The more new investment we attract the more valuable everyone's investment becomes. We thank you for your faith in our team and continue to be humbled by your support.

 

02.18.21

Notice of Funds Disbursement

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, Learnt has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Learnt be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

02.02.21

Notice of Funds Disbursement

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, Learnt has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Learnt be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

01.27.21

Learnt, Inc.'s Reg CF Campaign Surpasses 120K! Along with Other Major Updates...

Dear Start Engine Investors,

I’m thrilled to give you several updates:  

  • Our Learnt, Inc. regulation crowdfunding campaign has surpassed the 120k mark! This is exciting as it will allow us to improve and scale our software for its release. It will also allow for the automation of many of our business processes to reduce our personnel expenses and cost per user acquired.

  • As previously announced, we signed our first international partnership agreement in Dubai and we are currently hashing out the details of a second potential partnership in China. Our plan is to scale these types of partnerships significantly, which we believe will give a remarkable boost to our 2021 revenues.

  • Within the next month our online tutoring platform is projected to enter the release stage and we will begin rolling out our user acquisition strategy which has been tested and in development for the past 3 years.

  • We’ve begun letting real tutors into the application via our streamlined tutor apply flow. The candidates who are applying are some of the best I’ve had the pleasure of reviewing in the industry. Their passion for teaching is palpable, and it is clear that the excitement about the Learnt platform is growing.

  • We’ve held strong during this pandemic and I can see that our Brand is gaining an increased amount traction.  Our sales are up over 100% in January 21' compared to December 20', partnership opportunities abound, and the speed/efficiency of our product development has increased 10-fold.

On behalf of the entire Learnt team and our board of directors, I want to personally thank you for your confidence, commitment and investment in our company and future.  I’m excited about the opportunities ahead of us in the coming weeks, months and years to disrupt the way future generations learn. 

Best,


Andrew Nimmich, MD

CEO, Learnt, Inc.

REWARDS

Multiple investments in an offering cannot be combined to qualify for a larger campaign perk. Get rewarded for investing more into Learnt.

$250.00

StartEngine Owner’s Bonus

This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.

$500.00

Tier 1 Perk

Free 30 minutes of tutoring for investors or their child (not to exceed $50/hr)

$1,000.00

Tier 2 Perk

Free 1 hour of tutoring for investors or their child (not to exceed $50/hr)

$5,000.00

Tier 3 Perk

Free 5 hours of tutoring for investors or their child (not to exceed $50/hr)

$10,000.00

Tier 4 Perk

Free 10 hours of tutoring for investors or their child (not to exceed $50/hr)

$25,000.00

Tier 5 Perk

Free 30 hours of tutoring for investors or their child (not to exceed $50/hr)

JOIN THE DISCUSSION













0/2500

HOW INVESTING WORKS

Cancel anytime before 48 hours before a rolling close or the offering end date.

WHY STARTENGINE?

REWARDSWe want you to succeed and get the most out of your money by offering rewards and memberships!
SECUREYour info is your info. We take pride in keeping it that way!
DIVERSE INVESTMENTSInvest in over 200 start-ups and collectibles!

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