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Is Course Hero a profitable business?

In 2020, Course Hero is a profitable business with annual run revenue upward of $100 million. Today, Course Hero tells TechCrunch that it has raised a new tranche of capital in a Series B extension round of $70 million. The round is now totaling $80 million, bringing Course Hero’s total known venture capital to date to $95 million.

How many students that subscribe to Course Hero work?

An internal data analytics survey of Course Hero shows that 58% of students that subscribe work at least part time. Over 25% of subscribers are 35 years old or older, and 22% of subscribers are parents. Looking ahead, Course Hero hopes to continue to broaden its multisided marketplace.

What does Course Hero’s $80 million funding raise mean for EdTech?

Its $80 million Series B round is one of the largest U.S. funding deals of 2020, and brings Course Hero’s valuation to $1.1 billion. From a high level, the new raise is not surprising. Other edtech companies have also recently added on more capital to their balance sheets to meet remote learning demand amid the coronavirus pandemic.

How much did Course Hero invest in 2020?

The round is now totaling $80 million, bringing Course Hero’s total known venture capital to date to $95 million. Its $80 million Series B round is one of the largest U.S. funding deals of 2020, and brings Course Hero’s valuation to $1.1 billion.

Does Course Hero have a trademark?

Course Hero doesn't have any recent trademark applications, indicating Course Hero is focusing on its existing business rather than expanding into new products and markets. Trademarks may include brand names, product names, logos and slogans.

Is Course Hero growing?

These companies are in the same general field as Course Hero and are rapidly expanding. Companies may grow organically or through acquisition. In some cases apparently high growth rates may be caused by data that weren't available in previous years.

How much is Course Hero worth in 2020?

In 2020, Course Hero is a profitable business with annual run revenue upward of $100 million. Today, Course Hero tells TechCrunch that it has raised a new tranche of capital in a Series B extension round of $70 million. The round is now totaling $80 million, bringing Course Hero’s total known venture capital to date to $95 million.

How much is Course Hero's Series B?

Its $80 million Series B round is one of the largest U.S. funding deals of 2020, and brings Course Hero’s valuation to $1.1 billion. From a high level, the new raise is not surprising.

What is Grauer Capital used for?

Grauer tells TechCrunch that the capital will be used for operations, product innovation and feature development. It also plans to use the capital for future acquisitions (in 2012, Course Hero bought an in-person tutoring business).

What is Course Hero's tailwinds?

Course Hero sees tailwinds in a dynamic that has been brewing since before the pandemic and will likely grow during and after: the growth of “nontraditional students” en rolling in and participating in higher education. Grauer noted that more than 40% of students work 30 hours or more per week.

When did Andrew Grauer start Course Hero?

Like any successful founder, Andrew Grauer had bright, long-term ambitions for Course Hero from the moment he launched it in 2006. He started the business to create a place where students could ask...

When did Course Hero start?

Image Credits: Bryce Durbin. Like any successful founder, Andrew Grauer had bright, long-term ambitions for Course Hero from the moment he launched it in 2006. He started the business to create a place where students could ask questions and get answers similar to Chegg, which launched 15 months before Course Hero.

Is Course Hero profitable?

Teachers and publishers can put course-specific study content on the platform. In 2020, Course Hero is a profitable business with annual run revenue upward of $100 million.