The story
Course Hero was founded by Andrew Grauer at Cornell University in 2006 for college students to share lectures, class notes, exams, and assignments.
In 2014, the company raised $15 million in Series A Funding, with investors that included GSV Capital and IDG Capital. Seed investors SV Angel and Maveron also participated. In 2020, the company raised a further $10 million in Series B Funding, valuing the company at over $1 billion. The Series B round was led by NewView Capital, whose founder and managing partner, Ravi Viswanathan, joined Course Hero's board of directors. NewView Capital also contributed $30 million in an employee tender offer, a process by which NewView purchased company shares directly from Course Hero employees.
Course Hero acquired Symbolab, a mathematics problem solver, in October 2020, and acquired LitCharts, a literature guide resource, in June 2021. Terms of these acquisitions were not disclosed.
On August 21, 2021, Course Hero announced that it had acquired QuillBot, a software developed in 2017 that uses artificial intelligence to rewrite and paraphrase text.
In December 2021, Course Hero received a $380 million Series C at a $3.6 billion valuation. This financing was led by Wellington Management and included investors such as Sequoia Capital Global Equities, OMERS growth equity, and D1 Capital Partners.
From Wikipedia’s article on Course Hero, shared under CC BY-SA 4.0.4