Symbolab, the creator of an AI-based mathematics solver used by hundreds of millions of students worldwide to solve any math problem.įor more information, visit About Course Hero Inc.: Course Hero Inc. QuillBot, a pioneering AI-powered writing platform used by 12 million people every month to check for grammar, make citations, and improve their writing skills. LitCharts, the creator of literature resources used by more than 50 million students and teachers to develop and support a better understanding of literary texts. now includes:Ĭourse Hero, the online learning platform used by a global community of millions of students and over 80,000 educators to contribute and access educational resources.ĬliffsNotes, the creator of iconic study guides that have been trusted by high school and college students for more than 60 years.
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has expanded its portfolio of companies over the past year through a series of acquisitions. It will also fund the company's expansion to new verticals including adding support for more subject areas, grade levels and countries.įounded in 2006, Course Hero is the company's first business. The new investment will fund the company's plans to expand on its rich and dynamic learning ecosystem to meet the wide range of learning and teaching needs of today's global community of learners and educators.
plans to grow from 2 million to 50 million annual subscribers by 2030 and aims to accelerate support for those businesses that want to help anyone learn more deeply, more effectively and affordably.Ĭreating a Platform Business Model to Address the Whole Learning Journey There is a wide variety of ways to support both students and educators during each of these critical periods. The learning journey starts well before higher education and continues throughout the arc of one's career. Furthermore, the number of students aged 25 to 34 is expected to increase by 21 percent by next year. The learning journey has shifted significantly with 37 percent of undergrads being older than 25 years of age, more than 24 percent are raising children or have other dependents, and roughly 64 percent work while enrolled in college.
education market is estimated to grow to $2 trillion by 2025 and to $10 trillion internationally by 2030, it remains fragmented. Course Hero is a truly unique player in this environment, not only for their values-led approach to partnering with and acquiring companies, but also in how they operate and collaborate with educators to support better learning practices."Įxpanding Beyond Higher Education Increases Total Addressable Market. "With lifelong learning trending upward, we expect resources like Course Hero will continue to grow, moving beyond the traditional college student pursuing a credential. "We believe online learning platforms will continue to play an essential role in supplementing the student learning and educator teaching experience in today's learning economy," said Aneesh Venkat, Partner at Sequoia Capital Global Equities. We are pleased to have the backing of such well-known and well-respected investors to continue building an ecosystem of mission- and values-aligned learning businesses." "We are committed to supporting these rapidly changing learning and teaching needs by expanding into new verticals, tools and services. Learners' lives - and their learning needs - have since become more complex, more diverse, and more continuous," said Andrew Grauer, CEO and Co-Founder of Course Hero. "The learning and teaching environment in which Course Hero operates has expanded and evolved significantly over the past 15 years.
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