Learneo joined the Unicorn Club after raising $492.4 million across multiple funding rounds, reaching a $4 billion valuation. Founded in 2006 and headquartered in Redwood City, California, United States, Learneo operates a portfolio of education and productivity platforms, including Course Hero, QuillBot, CliffsNotes, LitCharts, Scribbr, and Symbolab.
The company builds technology driven learning tools and AI powered productivity solutions used by students, educators, and professionals globally.
Keep reading to learn how Learneo scaled into a $4 billion education technology unicorn.
What Is Learneo and What Does It Do?
Founded in 2006, Learneo is an education and productivity platform company that owns and operates multiple learning focused digital brands. Its products support studying, writing, research, and problem solving across academic and professional use cases.
Learneo’s portfolio includes Course Hero for course specific study materials, QuillBot for AI powered writing assistance, CliffsNotes and LitCharts for literature support, Scribbr for academic editing, and Symbolab for mathematics problem solving. The company integrates AI, machine learning, and content libraries to improve accessibility, accuracy, and learning efficiency at scale.
How Much Funding Has Learneo Raised?
1. Series B Round
- Amount Raised: $60 million
- Date: 2020
- Valuation: Undisclosed
- Lead Investors: GSV Ventures
- Purpose: Expand subscription offerings, invest in product development, and grow user base
2. Series C Round
- Amount Raised: Approximately $380 million
- Date: 2021
- Valuation: Approximately $3.6 billion post money
- Lead Investors: TPG
- Purpose: Accelerate acquisitions, expand AI driven learning tools, and scale global operations
3. Additional Growth Capital
- Amount Raised: Approximately $52.4 million
- Date: 2022
- Type: Strategic and secondary financing
- Purpose: Support continued portfolio expansion and long term growth initiatives
Total Funding Raised: $492.4 million Latest Funding Date: 2022 Latest Known Valuation: $4 billion
Key Investors
- TPG
- Details: Global investment firm focused on growth equity and private equity
- Focus Areas: Technology platforms, education, and scalable digital businesses
- IDG Capital
- Details: Venture capital and private equity firm investing globally
- Focus Areas: Technology, education, and internet based platforms
- GSV Ventures
- Details: Investment firm focused on education technology
- Focus Areas: Digital learning, workforce development, and education innovation
- Wellington Management
- Details: Global investment management firm
- Focus Areas: Long term growth investments in technology and consumer platforms
- SV Angel
- Details: Early stage venture capital firm
- Focus Areas: Seed and early stage technology startups
Where Is Learneo’s Headquarters?
Learneo is headquartered in Redwood City, California, United States, serving as the central base for its leadership, product strategy, and education technology operations.
What’s Next for Learneo?
Learneo plans to deepen AI integration across its learning and productivity brands, enhance personalization for students and professionals, and expand global reach through continued product innovation. The company is focused on strengthening subscription growth, improving AI assisted learning outcomes, and scaling its multi brand education ecosystem to serve a broader international audience.
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