Oklahoma Seed Capital Fund II, which is managed by i2E Inc., has led a $400,000 round for Tulsa, Okla.-based Expert TA. Oklahoma Seed Capital put $227,000 into the round, which also included participation from undisclosed angel investors. Expert TA has developed a “partial-credit grading solution” for use by engineering, math and physics departments of universities.
The Oklahoma Seed Capital Fund II, managed by i2E, Inc., recently led an investment of $400,000 in Tulsa, OK-based Expert TA. The Fund invested $227,000 in Expert TA in this follow-on investment to a $615,000 investment led by the Fund in 2011. Co-investors in the current follow-on round included Angel investors in Oklahoma and out of state.
Expert TA has developed platform software that provides “human-like” partial credit grading for the most dynamic type of engineering, math and physics problems, freeing up professors and teaching assistants to focus on elevating the level of student leaning, instead of grading complex homework.
The Oklahoma Seed Capital Fund is a state-appropriated investment fund that provides concept, seed and start-up equity investments to the state’s high-growth businesses. It is managed by i2E through a contract with the Oklahoma Center for the Advancement of Science and Technology.
About Expert TA: Founded in 2009 by Jeremy Morton, Ph.D., Expert TA provides a human-like, partial-credit grading solution to engineering, math and physics departments of universities that currently require multiple graduate assistants to grade homework problems.
About i2E, Inc.: With offices in Oklahoma City and Tulsa, OK, i2E is a not-for-profit corporation that provides an award-winning suite of venture advisory, access to capital and entrepreneurial development programs for Oklahoma’s high growth businesses.