GotIt raises $9 million to help slacking teens do their homework

GotIt, a chat service that connects users with “experts” for 10 minutes, announced today that it has raised over $9 million for its series A and seed rounds.

Capricorn Investment Group and eBay cofounder Jeff Skoll led the series A investment, while Fosun Group’s Brad Bao participated in the seed round.

GotIt guarantees its algorithmic marketplace to match people who are looking for responses with “underemployed experts.”

In the background, GotIt’s technology collects the information generated from the question-and-answer matches to build a “knowledge base of millions of problems and corresponding chat sessions to fuel a future of chatbot-assisted learning.”

The startup says it mainly targets teenagers, who often get stuck with “late nights, procrastination, and deadlines.”

The GotIt app “instantly connects a student to an expert who interactively works with them through a step-by-step explanation and questions, to a problem snapped as a picture,” explained a Medium post.