![]() ![]() After launching, the startup waited eight years to raise a $15 million Series A. Other edtech companies have also recently added on more capital to their balance sheets to meet remote learning demand amid the coronavirus pandemic.īut in Course Hero’s case, the new capital comes as a stark contrast to how the business functioned before 2020. funding deals of 2020, and brings Course Hero’s valuation to $1.1 billion.įrom a high level, the new raise is not surprising. Its $80 million Series B round is one of the largest U.S. The round is now totaling $80 million, bringing Course Hero’s total known venture capital to date to $95 million. Today, Course Hero tells TechCrunch that it has raised a new tranche of capital in a Series B extension round of $70 million. Teachers and publishers can put course-specific study content on the platform. It sells Netflix-like subscriptions to students looking for access to learning and teaching content. The startup stopped launching other business verticals and decided to stick to Q&A as its core - and only - business. “That was a breakthrough insight,” Grauer said. So, the startup began looking for different ways and formats to organize knowledge and questions and answers. Instead, it was a thesis around which to build products. Course Hero tested and failed products: free curated e-courses, in-person tutoring and teacher advice and ratings.Ĭlarity only came when Grauer realized that the core goal Course Hero launched with - giving students a place to ask and answer questions - wasn’t simply one product that should be fit into a broader suite of services. But as he slowly built it, he was tempted by a larger question: “What would a university look like if it was built by the internet?”Īnd so, the Redwood City-based startup itched at that nebulous goal throughout the years. 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. Like any successful founder, Andrew Grauer had bright, long-term ambitions for Course Hero from the moment he launched it in 2006. ![]()
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