Online Learning

Potential
Megatrend

Real Economy
Opportunity

Summary

47

Featured Companies

$1,889M

Total Raised In Trend

0

B10 Portfolio Companies

Hiring and Funding Speed

Slowest

Fastest

Trend Maturity

Early

Growth

Market

Growth

Trend growth is a proprietary composite score based on the speed of hiring and fundraising. Base11 benchmarks trend growth against the growth of other trends analysed through the Base11 platform.

Avg Trend Benchmark

Online Learning

02/1812/1810/1908/2006/2104/22

Month Of

Yearly Financing

The total amount raised by companies in the trend by year.

$200M$400M$600M$800M$1,000M$1,200M'19'20'21'22

Funding by Segment

Enterprise LMS64%
Course Platform36%

Segments & Companies

Locations

Select...

Stages

Select...

Investors

Select...

Sort by

Course Platform

Business in a box for course creation on own website and payments

Company

Founded

Stage

Raised

Employees (est)

HQ Location

Founder

Investors

Teachable

2013

Acquired

$14M

331

New York, United States

Naval Ravikant, Accomplice, Winklevoss Capital, Learn Capital, E-Merge, and 8 others

Kajabi

2009

Private Equity

$550M

352

Irvine, United States

Tiger Global Management, Spectrum Equity, TPG, Owl Rock Capital, Tidemark Capital, and 1 others

Wisboo

2017

Seed

$1M

99

Buenos Aires, Argentina

Morro Ventures, Pablo Garfinkel, Accel, Novel Capital, Spring Capital, and 7 others

LearnWorlds

2014

Series A

$33M

116

Limassol, Cyprus

Insight Partners, Marathon Venture Capital

Thought Industries

2014

Other

-

207

Boston, United States

Luminate Capital Partners

Knorish

2018

Seed

$1M

38

Gurgaon, India

Inflection Point Ventures, 100X.VC, Silverneedle Ventures, Pentathlon Ventures, Shashank Randev, and 6 others

Podia

2014

Other

$3M

34

New York, United States

Notation Capital, Designer Fund, Zelkova Ventures

IntelliBoard

2015

Series A

$4M

99

Monroe, United States

Connecticut Innovations, LETA Capital, Flashpoint, SmartHub

Pathwright

2012

Other

-

15

Greenville, United States

Ruzuku

2012

Seed

-

5

Durham, United States

Abe Crystal, Rick Cecil

more

The Startup Factory

Acrobatiq

2013

Acquired

$10M

12

Pittsburgh, United States

Draper Triangle, Hearst Ventures, Bill & Melinda Gates Foundation, University Ventures, Carnegie Innovations

Teachery

2014

Other

-

2

Portland, United States

Zenler

2011

Other

-

2

New York, United States

Click 4 Course

2012

Other

-

2

Fountain Valley, United States

Damian Giuseffi

more

Easyclass.com

2013

Angel

$1M

1

London, United Kingdom

VentureSouq (VSQ)

Smart Sparrow

2010

Acquired

$24M

8

Surry Hills, Australia

ACT, Yellow Brick Capital Advisers, OneVentures, MA Growth Ventures, Uniseed Ventures, and 1 others

Thinkific

2012

IPO

$22M

-

Vancouver, Canada

Rhino Ventures, Radian Capital

Zippy Courses

2011

Other

-

-

New York, United States

Derek Halpern

more

Practice

2011

Acquired

$14M

-

Philadelphia, United States

Emily Foote, Karl Okamoto, Paul Tzen

more

City Light Capital, 1776 Ventures, Social Capital, Ben Franklin Technology Partners of Southeastern Pennsylvania, Bossanova Investimentos, and 6 others

Enterprise LMS

Corporate and mid-market learning management system with content management

Company

Founded

Stage

Raised

Employees (est)

HQ Location

Founder

Investors

Lepaya

2018

Series B

$47M

244

Amsterdam, The Netherlands

Target Global, Mediahuis Ventures, Tablomonto Ventures, Mediahuis, Tim Rath

Go1

2015

Other

$384M

601

Brisbane, Australia

AirTree Ventures, Madrona, SEEK, Salesforce Ventures, M12 - Microsoft's Venture Fund, and 24 others

Schoox

2012

Private Equity

$6M

225

Austin, United States

Vista Equity Partners

Docebo

2005

Acquired

$6M

856

Toronto, Canada

Klass Capital, Principia SGR, Seeweb Srl

Absorb LMS

2003

Acquired

$59M

368

Calgary, Canada

Silversmith Capital Partners

360Learning

2013

Private Equity

$243M

414

New York, United States

SoftBank Vision Fund, Isai, Sumeru Equity Partners, SAP.iO, Bpifrance, and 7 others

LearnUpon

2012

Private Equity

$57M

295

Dublin, Ireland

Summit Partners, NDRC, Enterprise Ireland

Axonify

2011

Acquired

$35M

241

Waterloo, Canada

JMI Equity, FedDev, BDC Capital Corporation, BDC Venture Capital, Bridgescale Partners, and 3 others

Watershed Systems

2015

Acquired

$4M

25

Franklin, United States

Launch Tennessee, Learning Technologies Group

Elucidat

2014

Private Equity

$5M

74

Brighton, United Kingdom

YFM Equity Partners

Area9 Lyceum

2017

Other

$53M

154

Chestnut Hill, United States

Vaekstfonden, LEGO Ventures, European Investment Bank, Valia Ventures, Angela Duckworth, and 2 others

NovoEd

2013

Acquired

-

75

San Francisco, United States

Costanoa Ventures, Ulu Ventures, StartX (Stanford-StartX Fund), Devonshire Investors, Foundation Capital, and 3 others

Trainual

2018

Series B

$34M

89

Scottsdale, United States

MATH Venture Partners, Altos Ventures, 4490 Ventures, Rony Kahan, PHX Ventures, and 4 others

WorkRamp

2015

Series C

$67M

161

San Carlos, United States

Susa Ventures, OMERS Ventures, Salesforce Ventures, Slack Fund, Bow Capital, and 13 others

HowNow

2016

Seed

$5M

51

London, United Kingdom

Fuel Ventures, Tom Vorisek, Michael Whitfield, Andy Murray, Chris Bruce, and 2 others

Skilljar

2013

Series B

$53M

175

Seattle, United States

Shasta Ventures, Insight Partners, Trilogy Equity Partners, Mayfield Fund, Right Side Capital Management, and 7 others

Rali

2016

Other

$21M

61

Alpharetta, United States

HCM Deck

2017

Seed

$4M

61

Cracow, Poland

Innovation Nest, mAccelerator.vc, Rafał Sonik

Everwise

2012

Acquired

$27M

157

New York, United States

Sequoia Capital, Canvas Ventures, Webb Investment Network, Andre Haddad, Scott McNealy, and 6 others

eloomi

2015

Private Equity

$79M

118

Copenhagen, Denmark

Vaekstfonden, Kennet Partners, Seed Capital, PreSeed Ventures, Great Hill Partners

Northpass

2013

Other

$8M

64

Parsippany, United States

Edison Partners

Teach on Mars

2013

Other

$10M

59

Sophia Antipolis, France

Omnes Capital, Bpifrance, The Family, Olbia Invest

Sunlight

2015

Seed

$1M

24

San Francisco, United States

Speedinvest, Techstars Berlin Accelerator, Seedcamp, ANIMO Ventures, Annection, and 2 others

CanopyLAB

2015

Seed

$3M

17

Copenhagen, Denmark

Sparkmind.vc, The Index Project, DKA Capital

Kunjani

2021

Other

-

4

London, United Kingdom

TalentLMS

2012

Other

-

4

San Francisco, United States

Thanos Papangelis

more

Fledge, LLC, Fledge

Member Site Management

Manage members for an educational community

Company

Founded

Stage

Raised

Employees (est)

HQ Location

Founder

Investors

Simplero

2010

Other

-

19

New York, United States

Modus Capital, Ltd.

Memberstack

2019

Seed

$2M

10

Williamsburg, United States

Gradient Ventures, Village Global, Y Combinator, Kevin Lin, 1517 Fund, and 3 others

Financing

Top Investors

Investor

Companies Backed

Rounds Participated In

Rounds Led

Companies

Vaekstfonden

2

6

4.0

eloomi, Area9 Lyceum

SoftBank Vision Fund

2

3

2.0

360Learning, Go1

Salesforce Ventures

2

5

2.0

Go1, WorkRamp

Insight Partners

2

2

2.0

Skilljar, LearnWorlds

Learn Capital

2

4

1.0

Teachable, NovoEd

Tiger Global Management

2

2

1.0

Kajabi, Go1

Bpifrance

2

3

0.0

360Learning, Teach on Mars

Bossanova Investimentos

2

3

0.0

Go1, Practice

Liquid 2 Ventures

2

3

0.0

WorkRamp, Memberstack

Accomplice

1

4

3.0

Teachable

Naval Ravikant

1

5

2.0

Teachable

AirTree Ventures

1

2

2.0

Go1

SEEK

1

5

2.0

Go1

Tank Stream Ventures

1

2

2.0

Go1

Kennet Partners

1

2

2.0

eloomi

Recent Rounds

Largest Rounds

Company

Segment

Round Date

Round Size

Round Stage

Investors

Knorish

Course Platform

10/22

$0M

Seed

Silverneedle Ventures

Go1

Enterprise LMS

06/22

$100M

Other

AirTree Ventures, Five Sigma, Y Combinator, Madrona, Salesforce Ventures, and 8 others

Rali

Enterprise LMS

05/22

$2M

Debt

WorkRamp

Enterprise LMS

03/22

$40M

Series C

Susa Ventures, Salesforce Ventures, Slack Fund, UpHonest Capital, GTMFund, and 3 others

Wisboo

Course Platform

01/22

$0M

Seed

StartersHub

Lepaya

Enterprise LMS

12/21

$40M

Series B

Target Global, Mediahuis, Tablomonto Ventures

360Learning

Enterprise LMS

10/21

$200M

Private Equity

SoftBank Vision Fund, Sumeru Equity Partners, Silver Lake Waterman, Bpifrance, XAnge, and 1 others

Knorish

Course Platform

07/21

$1M

Seed

Inflection Point Ventures, Pentathlon Ventures, Prophetic Ventures, Rockstud Capital, KRS Jamwal, and 1 others

Go1

Enterprise LMS

07/21

$200M

Series D

Salesforce Ventures, AirTree Ventures, SoftBank Vision Fund, Tiger Global Management, Y Combinator, and 10 others

LearnWorlds

Course Platform

07/21

$32M

Series A

Insight Partners

Trainual

Enterprise LMS

06/21

$27M

Series B

Altos Ventures, MATH Venture Partners, Rony Kahan, Daymond John, PHX Ventures, and 4 others

Schoox

Enterprise LMS

06/21

$0M

Private Equity

Vista Equity Partners

Northpass

Enterprise LMS

06/21

$4M

Other

eloomi

Enterprise LMS

06/21

$55M

Private Equity

Great Hill Partners

Kajabi

Course Platform

05/21

$550M

Private Equity

Tiger Global Management, TPG, Owl Rock Capital, Spectrum Equity, Tidemark Capital, and 1 others

Area9 Lyceum

Enterprise LMS

04/21

$23M

Other

LEGO Ventures, European Investment Bank, Vaekstfonden, Angela Duckworth, Tony Wagner, and 1 others

CanopyLAB

Enterprise LMS

01/21

$2M

Debt

DKA Capital

Rali

Enterprise LMS

01/21

$6M

Other

WorkRamp

Enterprise LMS

12/20

$17M

Series B

OMERS Ventures, Bow Capital

LearnUpon

Enterprise LMS

10/20

$56M

Private Equity

Summit Partners

Memberstack

Member Site Management

10/20

$2M

Seed

Gradient Ventures, Village Global, Y Combinator, Kevin Lin, 1517 Fund, and 3 others

Skilljar

Enterprise LMS

10/20

$33M

Series B

Insight Partners, Shasta Ventures, Trilogy Equity Partners, Mayfield Fund

Practice

Course Platform

10/20

$0M

Other

Bossanova Investimentos

Thinkific

Course Platform

09/20

$22M

Other

Rhino Ventures

eloomi

Enterprise LMS

09/20

$7M

Other

Kennet Partners, Vaekstfonden

Wisboo

Course Platform

09/20

$1M

Seed

Morro Ventures, Accel, Novel Capital, Spring Capital, La Turbina, and 3 others

Watershed Systems

Enterprise LMS

08/20

$0M

Seed

Launch Tennessee

Axonify

Enterprise LMS

07/20

$7M

Grant

FedDev

Lepaya

Enterprise LMS

06/20

$6M

Series A

Mediahuis Ventures, Tablomonto Ventures

Knorish

Course Platform

06/20

$0M

Angel

Shashank Randev

Go1

Enterprise LMS

05/20

$40M

Series C

Madrona, SEEK, Salesforce Ventures, OIF Ventures, M12 - Microsoft's Venture Fund, and 1 others

IntelliBoard

Course Platform

05/20

$3M

Series A

Connecticut Innovations, Flashpoint, LETA Capital, SmartHub

Knorish

Course Platform

04/20

$0M

Seed

100X.VC, Uday Sodhi, Standard Greases Family group

360Learning

Enterprise LMS

03/20

$0M

Other

SAP.iO

CanopyLAB

Enterprise LMS

01/20

$2M

Seed

Sparkmind.vc, The Index Project

Trainual

Enterprise LMS

12/19

$7M

Series A

MATH Venture Partners, 4490 Ventures, PHX Ventures

Practice

Course Platform

12/19

$0M

Other

Bossanova Investimentos

Knorish

Course Platform

12/19

$0M

Seed

100X.VC

Kajabi

Course Platform

11/19

$0M

Private Equity

Spectrum Equity

HowNow

Enterprise LMS

10/19

$3M

Seed

Fuel Ventures, Tom Vorisek, Michael Whitfield, Andy Murray, Chris Bruce, and 2 others

Thought Industries

Course Platform

09/19

$0M

Debt

Luminate Capital Partners

eloomi

Enterprise LMS

07/19

$12M

Series A

Vaekstfonden, Kennet Partners

LearnWorlds

Course Platform

07/19

$1M

Seed

Marathon Venture Capital

WorkRamp

Enterprise LMS

06/19

$8M

Series A

Bow Capital, Susa Ventures, Initialized Capital, Slack Fund

HCM Deck

Enterprise LMS

06/19

$3M

Seed

mAccelerator.vc, Innovation Nest, Rafał Sonik

Elucidat

Enterprise LMS

05/19

$5M

Private Equity

YFM Equity Partners

Northpass

Enterprise LMS

04/19

$4M

Series A

Edison Partners

360Learning

Enterprise LMS

04/19

$41M

Series B

Bpifrance, Hi Inov - Dentressangle, XAnge, Isai, Educapital

Go1

Enterprise LMS

03/19

$30M

Series B

M12 - Microsoft's Venture Fund, Y Combinator, SEEK

Podia

Course Platform

03/19

$1M

Other

Teach on Mars

Enterprise LMS

01/19

$8M

Other

Omnes Capital, Olbia Invest

NovoEd

Enterprise LMS

10/18

$0M

Private Equity

Devonshire Investors

Sunlight

Enterprise LMS

10/18

$0M

Seed

ANIMO Ventures

Axonify

Enterprise LMS

10/18

$1M

Grant

Ontario Scale-Up Vouchers Program (OSVP)

Go1

Enterprise LMS

08/18

$10M

Series A

SEEK, OIF Ventures

Lepaya

Enterprise LMS

07/18

$1M

Seed

Tablomonto Ventures, Tim Rath

eloomi

Enterprise LMS

06/18

$2M

Other

Vaekstfonden

Rali

Enterprise LMS

04/18

$6M

Seed

Teachable

Course Platform

04/18

$4M

Series A

Naval Ravikant, Accomplice

HCM Deck

Enterprise LMS

04/18

$1M

Seed

Innovation Nest, Rafał Sonik

Skilljar

Enterprise LMS

03/18

$16M

Series A

Shasta Ventures, Mayfield Fund, Trilogy Equity Partners

Smart Sparrow

Course Platform

02/18

$8M

Other

ACT

Area9 Lyceum

Enterprise LMS

01/18

$30M

Series A

Vaekstfonden, Valia Ventures

IntelliBoard

Course Platform

12/17

$1M

Seed

LETA Capital

Sunlight

Enterprise LMS

12/17

$0M

Other

Momentum London

Sunlight

Enterprise LMS

11/17

$1M

Seed

Speedinvest, Seedcamp, Annection

Rali

Enterprise LMS

10/17

$7M

Seed

Podia

Course Platform

09/17

$2M

Seed

Designer Fund, Zelkova Ventures

Absorb LMS

Enterprise LMS

09/17

$59M

Private Equity

Silversmith Capital Partners

eloomi

Enterprise LMS

07/17

$1M

Other

Vaekstfonden

Thinkific

Course Platform

06/17

$0M

Series A

Rhino Ventures, Radian Capital

Go1

Enterprise LMS

06/17

$0M

Other

January Capital, Transition Level Investments

HowNow

Enterprise LMS

04/17

$2M

Seed

Fuel Ventures

Smart Sparrow

Course Platform

04/17

$4M

Series C

OneVentures, MA Growth Ventures, Uniseed Ventures, Stoic VC

Teach on Mars

Enterprise LMS

03/17

$2M

Other

Bpifrance, The Family

Teachable

Course Platform

01/17

$4M

Series A

Naval Ravikant, Learn Capital, Accomplice, Winklevoss Capital, Matt Brezina, and 3 others

Wisboo

Course Platform

01/17

$0M

Other

Pablo Garfinkel, Parallel18, Startup Wise Guys SaaS

Sunlight

Enterprise LMS

12/16

$0M

Note

Annection

Go1

Enterprise LMS

12/16

$3M

Seed

Tank Stream Ventures, Y Combinator, Amasia, January Capital, Black Sheep Capital, and 3 others

WorkRamp

Enterprise LMS

12/16

$2M

Seed

Susa Ventures, Haystack, Charlie Songhurst, Liquid 2 Ventures, Elad Gil, and 4 others

Axonify

Enterprise LMS

11/16

$27M

Other

JMI Equity, BDC Capital Corporation, BDC Venture Capital

Everwise

Enterprise LMS

10/16

$16M

Series B

Sequoia Capital, Webb Investment Network, Canvas Ventures, Four Rivers Group

Sunlight

Enterprise LMS

10/16

$0M

Seed

Seedcamp, Annection

Practice

Course Platform

09/16

$5M

Series A

1776 Ventures, City Light Capital

WorkRamp

Enterprise LMS

08/16

$0M

Seed

Y Combinator

Schoox

Enterprise LMS

07/16

$3M

Series A

Watershed Systems

Enterprise LMS

06/16

$4M

Other

Launch Tennessee, Learning Technologies Group

Practice

Course Platform

06/16

$4M

Series A

City Light Capital, Social Capital, Ben Franklin Technology Partners of Southeastern Pennsylvania, New Markets Venture Partners, Touchdown Ventures, and 3 others

Teachable

Course Platform

05/16

$3M

Seed

Accomplice, Naval Ravikant, Learn Capital

Go1

Enterprise LMS

04/16

$0M

Seed

Amasia, Transition Level Investments

LearnUpon

Enterprise LMS

03/16

$0M

Other

Enterprise Ireland

Podia

Course Platform

03/16

$0M

Angel

Notation Capital

Thinkific

Course Platform

03/16

$0M

Seed

Rhino Ventures

Everwise

Enterprise LMS

12/15

$8M

Series A

Canvas Ventures, Sequoia Capital, Webb Investment Network

Skilljar

Enterprise LMS

11/15

$3M

Seed

Trilogy Equity Partners

Podia

Course Platform

09/15

$1M

Debt

eloomi

Enterprise LMS

09/15

$1M

Seed

Seed Capital, PreSeed Ventures

Practice

Course Platform

08/15

$2M

Note

City Light Capital, 1776 Ventures, Matthew Luckett

Practice

Course Platform

07/15

$0M

Other

ic@3401

Go1

Enterprise LMS

07/15

$1M

Seed

Tank Stream Ventures, Y Combinator, FundersClub, Salesforce Ventures, Amasia, and 4 others