Age of Learning Revenue, Valuation, Funding & Investors
Age of Learning is valued at $3B as of June 2021.
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About Age of Learning
Age of Learning is a Glendale-headquartered education technology company offering digital programs for children. Its ABCmouse Early Learning Academy provides comprehensive curricula for ages 2-8, while My Math Academy and My Reading Academy deliver adaptive math and literacy instruction. Over 50 million children worldwide have completed more than 11 billion activities on its platforms.
Founded
2007
HQ
Los Angeles, CAWebsite
Status
Privately held
Customer focus
B2C
Revenue model
Subscription
Revenue
$100M (May 2016)
Valuation
$3B (Jun 2021)
Age of Learning Valuation
Age of Learning is currently valued at $3B, based on its Series C in June 2021.
The $300M round was led by TPG, with participation from Qatar Investment Authority, Tencent and Madrone Capital Partners.
Age of Learning's valuation has grown 3.0x from $1B at its Series A in May 2016 to $3B in June 2021, across 3 priced rounds.
Age of Learning valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jun 2021 | Series C | $3B | - |
| Aug 2020 | Series B | $1.4B | - |
| May 2016 | Series A | $1B | 10.0x |
Age of Learning Revenue
Age of Learning's latest recorded revenue is $100M, as of its Series A in May 2016. At a $1B valuation, that implies a 10.0x revenue multiple.
Age of Learning revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| May 2016 | $100M | $1B | 10.0x | Series A |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Age of Learning Funding History
Age of Learning has raised a total of $500M across 3 funding rounds.
Age of Learning's first fundraising round was a $150M Series A in May 2016. The most recent completed round was a $300M Series C in June 2021.
Age of Learning funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2021 | Series C | TPG (lead); Qatar Investment Authority; Tencent; Madrone Capital Partners | $300M | $3B | Age of Learning, founded in 2007, is a developer of digital education technology with a flagship product ABCmouse.com, a comprehensive learning resource for children ages 2-8. The company has built a global presence through partnerships including Tencent in China and Rakuten in Japan to extend its educational programs internationally. In its Series C round completed on June 29, 2021, Age of Learning raised $300 million in financing led by San Francisco-based TPG through its TPG Tech Adjacencies fund, alongside Qatar Investment Authority (the sovereign wealth fund of Qatar) and Menlo Park-based Madrone Capital Partners. The Series C valuation was placed at $3 billion, representing a doubling of the company's valuation since its prior fundraise in 2020. By the time of the Series C round, Age of Learning had reached more than 10 million children and benefited from accelerated business growth during the COVID-19 pandemic as schools adopted remote learning technologies. The capital was designated for global expansion in Asia and other international markets, as well as increased investments in new products and technologies. The company had raised a total of $500 million in private investments over the six years preceding this round, and the $3 billion valuation put Age of Learning on track to surpass Duolingo's $2.4 billion valuation as a leading edtech company. |
| Aug 2020 | Series B | Tencent (lead) | $50M | $1.4B | Age of Learning is a developer of educational technology platforms, with its flagship product ABCmouse.com serving as a comprehensive digital learning resource for children ages 2-8. The company also operates Adventure Academy and offers localized learning solutions through partnerships with major tech companies. In August 2020, Age of Learning completed a Series B funding round led by Tencent, raising $50 million at a post-money valuation of $1.32 billion. This valuation represented significant growth from the company's Series A round in 2015, when it raised $150 million at a valuation exceeding $1 billion. Following the Series B investment, Tencent worked to localize the ABCmouse program for the Chinese market, integrating it with platforms including QQ and WeChat to reach hundreds of millions of users. The company subsequently raised $300 million in a Series C round in June 2021, which brought its valuation to approximately $3 billion, demonstrating continued investor confidence and rapid value appreciation. |
| May 2016 | Series A | ICONIQ Capital (lead) | $150M | $1B | Age of Learning, based in Glendale, CA, develops online instructional materials and games for young children, with its flagship product ABCmouse offering over 7,000 activities across subjects. Founded around 2007 by serial entrepreneur Doug Dohring, the company launched consumer products in 2010 and teacher tools in 2011, experiencing a growth spurt in 2013-2014 by consolidating apps into a single comprehensive platform. It raised $150 million from Iconiq Capital in May 2016 at a $1 billion post-money valuation, marking its unicorn status, following prior funding of about $30 million in 2011-2012. At the time of the round, Age of Learning had over one million family subscriptions at $7.95 per month (each covering three child accounts), generating more than $100 million in annual revenue. The company served markets in the U.S., Canada, and China, and was the top-grossing education app on the Apple App Store. It provided free access to schools, learning centers, teachers, and libraries alongside its paid consumer model. Proceeds from the $150 million raise supported expansion into schools and districts with ABCmouse for Schools, including deployment tools, training, analytics, and support, led by a new hire from Pearson. Plans included content for older grades (first-grade launched earlier in 2016, second-grade upcoming), UI improvements, and international growth. The company employed over 350 people and had earned awards like Parents’ Choice Gold and Teachers’ Choice. Age of Learning differentiated through a focus on high-quality curriculum, engaging content, and technology to excite learning, contrasting with faster-moving tech models by building steadily over nearly a decade before scaling. |
Who has invested in Age of Learning?
5 investors have backed Age of Learning across its funding rounds, including Tencent, TPG, ICONIQ Capital, Qatar Investment Authority and Madrone Capital Partners.
Lead investors include TPG, Tencent and ICONIQ Capital.
Age of Learning Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
 Shenzhen | 2 | Lead | Aug 2020 | |
| San Francisco, CA | 1 | Lead | May 2016 | |
 Qatar | 1 | Participant | Jun 2021 | |
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Start Free TrialAge of Learning Competitors
Age of Learning competitors include listed companies like East Buy, Stride and Youdao, and private ones like Outschool, GoStudent and Spark Education Group.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| San Francisco, CA | Private | $100M | - | $3B | 30.0x | |
| China | Publicly listed | $850M | $98M | $3.4B | 2.8x | |
| United States | Publicly listed | $2.5B | $580M | $3.4B | 1.2x | |
 Vienna | Private | $107M | $16M | $3.4B | - | |
| China | Publicly listed | $881M | $29M | $1.7B | 2.0x | |
 Singapore | Private | $217M | - | $1.5B | 6.9x |
Age of Learning Public Comps
Age of Learning is still privately-owned, but its public comps include Bright Horizons Family, East Buy, COL Global, Stride, McGraw Hill, John Wiley & Sons, Fibra Educa, Perdoceo Education, Grand Canyon Education and Alef Education.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $2.9B | $408M | 1.8x | 1.7x | 12.6x | 10.2x | |||
| $850M | $98M | 3.0x | 2.8x | 26.3x | 22.4x | |||
| $247M | ($78M) | 10.8x | 8.9x | (34.3x) | (2053.7x) | |||
| $2.5B | $580M | 1.2x | 1.2x | 5.1x | 4.8x | |||
| $2.1B | $613M | 2.4x | 2.3x | 8.1x | 6.5x | |||
| $1.7B | $405M | 2.2x | 2.2x | 9.3x | 8.3x | |||
| $269M | - | 15.2x | 15.2x | - | - | |||
| $846M | $239M | 1.7x | 1.7x | 6.0x | 5.4x | |||
This data is available for Pro users. Sign up to see all Age of Learning competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Age of Learning
| When was Age of Learning founded? | Age of Learning was founded in 2007. |
| Where is Age of Learning headquartered? | Age of Learning is headquartered in Los Angeles, CA, United States. |
| Is Age of Learning publicly listed? | No, Age of Learning is a private, VC-backed company. |
| What is Age of Learning's valuation? | Age of Learning was last valued at $3B in its Series C in June 2021. |
| How much funding has Age of Learning raised? | Age of Learning has raised $500M across 3 funding rounds. |
| What was Age of Learning's last funding round? | Age of Learning's last funding round was a $300M Series C in June 2021, led by TPG. |
| Who are Age of Learning's investors? | Age of Learning's investors include Tencent, ICONIQ Capital, Qatar Investment Authority, TPG and Madrone Capital Partners. |
| What is Age of Learning's revenue? | Age of Learning's latest recorded revenue is $100M (May 2016). |
| What is Age of Learning's revenue multiple? | Age of Learning's latest valuation implies a 10.0x revenue multiple ($1B valuation on $100M of revenue). |
| Which companies are comparable to Age of Learning? | Companies comparable to Age of Learning include Outschool, East Buy, Stride, GoStudent, Youdao and Spark Education Group. |
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