Advanced Memory Science in Action
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Picmonic seeks to address the pain of learning and retaining information through antiquated traditional repetition based memorization techniques.
Picmonic looks to solve the universal problem of rote memorization by empowering anyone anywhere to easily create, learn, and share high-quality picture mnemonics (“Picmonics”). Picmonics seek not only to improve long-term recall of information, they incorporate humor and unforgettable graphics to make learning fun.
Picmonic’s current addressable market includes 500,000 healthcare students in the US studying to be doctors, nurses, physician assistants, nurse practitioners, pharmacists, and the college students trying to get into those programs. Picmonic plans to expand product lines in healthcare education to target over 1M students in 2017.
While the company focuses on students living in the US, there has been organic growth into the 2.4M student international market with thousands of subscribers living in South America, Australia, the Caribbean, Western Europe, the Middle East, and Asia.
Picmonic is raising $3 million in Series A preferred equity funding. $500,000 of capacity remains.
Users receive limited feature and content access with a freemium membership which enables them to actualize the value of the learning system first hand, wanting more, but limited until they upgrade.Users pay a subscription fee to access the complete Picmonic Learning System & Content Library in their area of study.
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