June Software receives over $1M from Valley elite Andreessen, Milner & Conway
June Software, an Indian maker of educational applications for iPad and other tablets under the brandname TapToLearn, has received over $1 million, after it passed out of the Y Combinator Program, a Silicon Valley startup investment firm run by well known early-stage investor Paul Graham.
The company, which secured funds from luminaries including Ron Conway, Andreessen Horowitz and Yuri Milner, as part of the Y-Combinator Program, will use the funds to build better products. The firm completed the program in May, as part of November 2011 to May 2012 batch.
A bootstrapped startup founded in 2010, after watching Steve Jobs unveil the iPad, the company expected the iPad and Tablet devices to change learning permanently, "especially with Touch changing the way we interact with devices," TapToLearn Co-founder and CEO Roby John said in an e-mail response to VCCircle.
TapToLearn, which claims to have over a million users for its Apps worldwide, is exclusively focused on building educational applications for tablet devices like the iPhone, iPod, iPad and Android devices. Some of its product includes Grammar App, Fractions App, Spelling Hero and GRE Flash Cards.
TapToLearn has so far received investments from noted angels, such as Ari Emanuel, Jim Pallotta, and seed fund from Shasta Ventures, ENIAC Ventures and Vinod Khosla's Khosla Ventures. John said the investment of BackFlip Studios, which makes popular games such as Paper Toss, Ninjump and DragonVale, will enable the company to scale up its Apps by leveraging their expertise.
TapToLearn, which has offices in Pune and Palo Alto and team size of 15, was also picked by another incubator program ImagineK12 W2012. It is the first Indian startup to be admitted to two such programs at the same time.
Earlier, another two startups from Indiaâ€“ InterviewStreet and Plivo—were admitted to Y Combinator Program. Y Combinator has funded over 460 startups including Dropbox, Scribd, Bump and Xobni.
(Edited by Prem Udayabhanu)