This afternoon, PopExpert, Inc. – the edtech startup that has raised over $2 million according to AngelList – voluntarily filed for chapter 11 bankruptcy protection in the United States Bankruptcy Court for the Northern District of California. The petition was signed by CEO Ingrid Sanders, who was as one of “13 Women Rocking the Tech World” by Women 2.0 earlier this year.
The company is represented by the law firm of Sheppard, Mullin, Richter & Hampton in the bankruptcy filing. PopExpert lists between $1 and $10 million in both assets and liabilities in court filings, with the majority of the largest unsecured creditors being holders of convertible debt issued by PopExpert.
A copy of today’s voluntary chapter 11 bankruptcy petition is embedded below.