Online Learning

Developing
Megatrend

Real Economy
Opportunity

Summary

47

Featured Companies

$1,506M

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

02/1812/1810/1908/2006/21

Month Of

Yearly Financing

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

$200M$400M$600M$800M$1,000M'16'17'18'19'20'21

Funding by Segment

Enterprise LMS55%
Course Platform45%

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

Thinkific

2012

Other

$22M

373

Vancouver, Canada

Greg Smith, Matt Payne, Matt Smith

more

Rhino Ventures (Formerly Vancouver Founder Fund), Radian Capital

Kajabi

2009

Private Equity

$550M

275

Irvine, United States

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

IntelliBoard

2015

Series A

$4M

89

Monroe, United States

Connecticut Innovations, LETA Capital, Flashpoint, SmartHub

Thought Industries

2014

Other

-

149

Boston, United States

Luminate Capital Partners

Teachable

2013

Acquired

$14M

267

New York, United States

Naval Ravikant, Accomplice, Learn Capital, Winklevoss Capital, Matt Brezina, and 7 others

Wisboo

2017

Seed

$1M

49

Buenos Aires, Argentina

Eze Carlsson, Federico Dibenedetto

more

Morro Ventures, Pablo Garfinkel, Accel, Novel Growth Partners, Parallel18, and 6 others

LearnWorlds

2014

Other

$33M

68

Limassol, Cyprus

Fanis Despotakis, George Palegeorgiou, Panos Siozos

more

Insight Partners, Marathon Venture Capital

Podia

2014

Other

$3M

23

New York, United States

Notation Capital, Designer Fund, Zelkova Ventures

Knorish

2018

Seed

$1M

23

Gurgaon, India

100X.VC, Inflection Point Ventures, Prophetic Ventures, Rockstud Capital, KRS Jamwal, and 5 others

Ruzuku

2012

Seed

-

3

Durham, United States

Abe Crystal, Rick Cecil

more

The Startup Factory

Pathwright

2012

Other

-

14

Greenville, United States

Mark Johnson, Paul Johnson

more

Easyclass.com

2013

Angel

$1M

16

London, United Kingdom

Burak Erdem

more

VentureSouq (VSQ)

Acrobatiq

2013

Acquired

$10M

15

Pittsburgh, United States

Eric Frank, William Guttman

more

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

Smart Sparrow

2010

Acquired

$24M

14

Surry Hills, Australia

Yellow Brick Capital Advisers, ACT, Moelis Australia Asset Management, OneVentures, Uniseed Ventures

Teachery

2014

Other

-

2

Portland, United States

Gerlando Piro, Jason Zook

more

Zenler

2011

Other

-

2

New York, United States

Tom Burton

more

Click 4 Course

2012

Other

-

2

Fountain Valley, United States

Damian Giuseffi

more

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

Social Capital, City Light Capital, 1776 Ventures, New Markets Venture Partners, Touchdown Ventures, and 5 others

Enterprise LMS

Corporate and mid-market learning management system with content management

Company

Founded

Stage

Raised

Employees (est)

HQ Location

Founder

Investors

Docebo

2005

Acquired

$6M

632

Toronto, Canada

Klass Capital, Principia SGR, Seeweb Srl

Area9 Lyceum

2017

Other

$53M

134

Chestnut Hill, United States

Vaekstfonden, LEGO Ventures, European Investment Bank, Valia Ventures, Vækstfonden, and 3 others

WorkRamp

2015

Series B

$27M

77

San Francisco, United States

Susa Ventures, Bow Capital, OMERS Ventures, Y Combinator, Initialized Capital, and 8 others

Go1

2015

Series D

$284M

322

Brisbane, Australia

Salesforce Ventures, SEEK, Madrona Venture Group, M12 - Microsoft's Venture Fund, SoftBank Vision Fund, and 22 others

Lepaya

2018

Series A

$7M

116

Amsterdam, The Netherlands

Mediahuis, Tablomonto Ventures, Tim Rath

Skilljar

2013

Series B

$53M

150

Seattle, United States

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

Trainual

2018

Series B

$34M

63

Scottsdale, United States

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

LearnUpon

2012

Private Equity

$57M

219

Dublin, Ireland

Summit Partners, NDRC, Enterprise Ireland

Absorb LMS

2003

Acquired

$59M

270

Calgary, Canada

Silversmith Capital Partners

360Learning

2012

Series B

$43M

222

New York, United States

SAP.iO, Isai, Bpifrance, XAnge, Hi Inov - Dentressangle, and 4 others

Schoox

2012

Private Equity

$6M

143

Austin, United States

Vista Equity Partners

Axonify

2011

Acquired

$35M

215

Waterloo, Canada

JMI Equity, FedDev, BDC Capital Corporation, Bridgescale Partners, Ontario Scale-Up Vouchers Program (OSVP), and 3 others

Northpass

2013

Other

$8M

63

Parsippany, United States

Edison Partners

eloomi

2015

Private Equity

$79M

113

Copenhagen, Denmark

Claus Johansen, Peter Hindkjaer

more

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

HCM Deck

2017

Seed

$4M

54

Cracow, Poland

Innovation Nest, mAccelerator.vc, Rafał Sonik

Rali

2016

Other

$18M

51

Alpharetta, United States

HowNow

2016

Seed

$5M

39

London, United Kingdom

Fuel Ventures, Michael Whitfield, Chris Bruce, Andy Murray, Bernie Sinniah, and 1 others

Everwise

2012

Acquired

$27M

197

New York, United States

Sequoia Capital, Canvas Ventures, Webb Investment Network, Four Rivers Group, Andre Haddad, and 6 others

Elucidat

2014

Private Equity

$5M

52

Brighton, United Kingdom

YFM Equity Partners

NovoEd

2013

Acquired

-

69

San Francisco, United States

Amin Saberi, Farnaz Ronaghi

more

Ulu Ventures, Costanoa Ventures, Foundation Capital, Devonshire Investors, Kapor Capital, and 3 others

Teach on Mars

2013

Other

$10M

67

Sophia Antipolis, France

Omnes Capital, The Family, Bpifrance, Olbia Invest

CanopyLAB

2015

Seed

$3M

24

Copenhagen, Denmark

Sparkmind.vc, The Index Project, DKA Capital

Sunlight

2015

Seed

$1M

29

San Francisco, United States

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

Kunjani

2015

Other

-

4

Stellenbosch, South Africa

Hans Zietsman

more

Watershed Systems

2015

Acquired

$4M

15

Franklin, United States

Learning Technologies Group, Launch Tennessee

TalentLMS

2012

Other

-

-

San Francisco, United States

Thanos Papangelis

more

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

9

Williamsburg, United States

Gradient Ventures, Village Global, Y Combinator, Liquid 2 Ventures, Kevin Lin, and 3 others

Financing

Top Investors

Investor

Companies Backed

Rounds Participated In

Rounds Led

Companies

Vaekstfonden

2

5

4

Area9 Lyceum, eloomi

Insight Partners

2

2

2

Skilljar, LearnWorlds

Tiger Global Management

2

2

1

Kajabi, Go1

Learn Capital

2

4

1

Teachable, NovoEd

Bpifrance

2

2

0

360Learning, Teach on Mars

Liquid 2 Ventures

2

3

0

WorkRamp, Memberstack

Accomplice

1

4

3

Teachable

SEEK

1

4

2

Go1

Tank Stream Ventures

1

2

2

Go1

Naval Ravikant

1

5

2

Teachable

Rhino Ventures (Formerly Vancouver Founder Fund)

1

3

2

Thinkific

Kennet Partners

1

2

2

eloomi

Fuel Ventures

1

2

2

HowNow

Gradient Ventures

1

2

2

Memberstack

Yellow Brick Capital Advisers

1

2

2

Smart Sparrow

Recent Rounds

Largest Rounds

Company

Segment

Round Date

Round Size

Round Stage

Investors

Knorish

Course Platform

07/21

$1M

Seed

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

Go1

Enterprise LMS

07/21

$200M

Series D

Salesforce Ventures, SoftBank Vision Fund, AirTree Ventures, Y Combinator, Tiger Global Management, and 9 others

LearnWorlds

Course Platform

07/21

$32M

Other

Insight Partners

Trainual

Enterprise LMS

06/21

$27M

Series B

Altos Ventures, MATH Venture Partners, 4490 Ventures, Rony Kahan, Daymond John, 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, Meritech Capital Partners, Spectrum Equity, and 1 others

Area9 Lyceum

Enterprise LMS

04/21

$23M

Other

LEGO Ventures, European Investment Bank, Vækstfonden, Angela Duckworth, Bror Saxberg, and 1 others

CanopyLAB

Enterprise LMS

01/21

$2M

Debt

DKA Capital

Rali

Enterprise LMS

01/21

$5M

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, Liquid 2 Ventures, Kevin Lin, and 3 others

Skilljar

Enterprise LMS

10/20

$33M

Series B

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

Thinkific

Course Platform

09/20

$22M

Other

Rhino Ventures (Formerly Vancouver Founder Fund)

eloomi

Enterprise LMS

09/20

$7M

Other

Kennet Partners, Vaekstfonden

Wisboo

Course Platform

09/20

$1M

Seed

Morro Ventures, Accel, Novel Growth Partners, Spring Capital, P18Ventures, 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, Tablomonto Ventures

Knorish

Course Platform

06/20

$0M

Angel

Shashank Randev

Go1

Enterprise LMS

05/20

$40M

Series C

Madrona Venture Group, SEEK, Salesforce Ventures, M12 - Microsoft's Venture Fund, Endeavor Catalyst, 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

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, Michael Whitfield, Chris Bruce, Andy Murray, Bernie Sinniah, and 1 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, XAnge, Hi Inov - Dentressangle, 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, Our Innovation Fund

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

Mayfield Fund, Shasta Ventures, 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 (Formerly Vancouver Founder Fund), 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

Moelis Australia Asset Management, OneVentures, Uniseed Ventures

Teach on Mars

Enterprise LMS

03/17

$2M

Other

The Family, Bpifrance

Teachable

Course Platform

01/17

$4M

Series A

Naval Ravikant, Learn Capital, Accomplice, Winklevoss Capital, Matt Brezina, and 2 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, Liquid 2 Ventures, Haystack, Initialized Capital, Charlie Songhurst, 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, Canvas Ventures, Webb Investment Network, Four Rivers Group

Sunlight

Enterprise LMS

10/16

$0M

Seed

Seedcamp, Annection

Practice

Course Platform

09/16

$5M

Series A

1776 Ventures

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

Learning Technologies Group, Launch Tennessee

Practice

Course Platform

06/16

$4M

Series A

Social Capital, City Light Capital, New Markets Venture Partners, Touchdown Ventures, 1776 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 (Formerly Vancouver Founder Fund)

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

1776 Ventures, Matthew Luckett

Practice

Course Platform

07/15

$0M

Other

ic@3401

Go1

Enterprise LMS

07/15

$1M

Seed

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

Acrobatiq

Course Platform

07/15

$10M

Series A

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

Practice

Course Platform

07/15

$1M

Other

1776 Ventures, Matthew Luckett

Sunlight

Enterprise LMS

06/15

$0M

Pre-Seed

Techstars, Techstars Berlin Accelerator

Practice

Course Platform

06/15

$2M

Seed

1776 Ventures

Schoox

Enterprise LMS

04/15

$1M

Series A

eloomi

Enterprise LMS

04/15

$0M

Other

Axonify

Enterprise LMS

02/15

$0M

Other

BDC Venture Capital

Teachable

Course Platform

02/15

$2M

Seed

Naval Ravikant, Learn Capital, Accomplice, E-Merge

Docebo

Enterprise LMS

02/15

$3M

Series A

Klass Capital