Course Hero Takes In $380 Million Series C

<p><strong><span class&equals;"xn-location">REDWOOD CITY<&sol;span><&sol;strong> &&num;8212&semi; <u>Course Hero<&sol;u> Inc&period;&comma; an education platform offering a suite of learning resources and tools for learners&comma; has raised <span class&equals;"xn-money">&dollar;380 million<&sol;span> in Series C funding&comma; now valuing the company at <span class&equals;"xn-money">&dollar;3&period;6 billion<&sol;span>&period; The Series C funding round was led by Wellington Management with participation from new investors Sequoia Capital Global Equities&comma; OMERS Growth Equity and D1 Capital Partners&comma; as well as existing investors including&comma; GSV Ventures&comma; NewView Capital&comma; SuRo Capital&comma; TPG and Valiant Peregrine Fund&period;<&sol;p>&NewLine;<p>With these funds&comma; the company plans to accelerate its goal of building a rich and dynamic learning ecosystem to meet the evolving range of study needs for today&&num;8217&semi;s learners&period;<&sol;p>&NewLine;<div class&equals;"col-sm-10 col-sm-offset-1">&NewLine;<p>&&num;8220&semi;The learning and teaching environment in which Course Hero operates has expanded and evolved significantly over the past 15 years&period; Learners&&num;8217&semi; lives — and their learning needs — have since become more complex&comma; more diverse&comma; and more continuous&comma;&&num;8221&semi; said <span class&equals;"xn-person">Andrew Grauer<&sol;span>&comma; CEO and Co-Founder of Course Hero&period; &&num;8220&semi;We are committed to supporting these rapidly changing learning and teaching needs by expanding into new verticals&comma; tools and services&period; We are pleased to have the backing of such well-known and well-respected investors to continue building an ecosystem of mission- and values-aligned learning businesses&period;&&num;8221&semi;<&sol;p>&NewLine;<&sol;div>&NewLine;<div class&equals;"col-sm-10 col-sm-offset-1">&NewLine;<p>&&num;8220&semi;We believe online learning platforms will continue to play an essential role in supplementing the student learning and educator teaching experience in today&&num;8217&semi;s learning economy&comma;&&num;8221&semi; said <span class&equals;"xn-person">Aneesh Venkat<&sol;span>&comma; Partner at Sequoia Capital Global Equities&period; &&num;8220&semi;With lifelong learning trending upward&comma; we expect resources like Course Hero will continue to grow&comma; moving beyond the traditional college student pursuing a credential&period; Course Hero is a truly unique player in this environment&comma; not only for their values-led approach to partnering with and acquiring companies&comma; but also in how they operate and collaborate with educators to support better learning practices&period;&&num;8221&semi;<&sol;p>&NewLine;<p>The new investment will fund the company&&num;8217&semi;s plans to expand on its rich and dynamic learning ecosystem to meet the wide range of learning and teaching needs of today&&num;8217&semi;s global community of learners and educators&period; It will also fund the company&&num;8217&semi;s expansion to new verticals including adding support for more subject areas&comma; grade levels and countries&period;<&sol;p>&NewLine;<p>Founded in 2006&comma; Course Hero is the company&&num;8217&semi;s first business&period; Course Hero Inc&period; has now expanded its portfolio of companies over the past year through a series of acquisitions&period; Course Hero Inc&period; now includes&colon;<&sol;p>&NewLine;<ul>&NewLine;<li>Course Hero&comma; the online learning platform used by a global community of millions of students and over 80&comma;000 educators to contribute and access educational resources&period;<&sol;li>&NewLine;<li>CliffsNotes&comma; the creator of iconic study guides that have been trusted by high school and college students for more than 60 years&period;<&sol;li>&NewLine;<li>LitCharts&comma; the creator of literature resources used by more than 50 million students and teachers to develop and support a better understanding of literary texts&period;<&sol;li>&NewLine;<li>QuillBot&comma; a pioneering AI-powered writing platform used by 12 million people every month to check for grammar&comma; make citations&comma; and improve their writing skills&period;<&sol;li>&NewLine;<li>Symbolab&comma; the creator of an AI-based mathematics solver used by hundreds of millions of students worldwide to solve any math problem&period;<&sol;li>&NewLine;<&sol;ul>&NewLine;<&sol;div>&NewLine;