Articulate Valuation, Funding & Investors

VIPKid is a Beijing-headquartered edtech company connecting children primarily in China with North American teachers for live online English immersion classes. Its platform supports one-on-one sessions using interactive whiteboards and curriculum aligned to international standards. Founded in 2013, VIPKid previously scaled to serve students across Asia before pivoting amid regulatory changes.

Kajabi is an Irvine, California-based e-commerce platform that gives knowledge entrepreneurs the tools to create and sell online courses, memberships, coaching, and digital products, along with websites, email marketing, payment processing, and community management. Founded in 2010, the company was bootstrapped and profitable for its first decade before raising outside capital. Kajabi's customer base has generated billions of dollars in gross merchandise volume through the platform, and the company has expanded its offering through acquisitions such as Vibely, a creator-community platform integrated as Kajabi Communities.

Alef Education Holding Plc is an EdTech company that designs impactful learning experiences for students customized to different curriculums. The company operates in three segments: The Education solution segment, which provides customers the right of access to the Group’s learning platform. The Support and services segment includes ancillary services such as IT infrastructure setup and maintenance support and services, and the Financial investments segment pertains to the maintenance of the investment portfolio for returns based on market dynamics. The majority of its revenue is generated from the Education solution segment.

Paper is a New York-based edtech platform connecting K-12 students with live tutors for math, science, and English. Certified educators provide on-demand video sessions and feedback on homework via its app, serving over 100 school districts including New York City public schools. Founded in 2014, it partners with Khan Academy for supplemental resources and offers college counseling modules.

LEAD School is a Mumbai-based EdTech provider transforming affordable K-12 private schools in India through its integrated technology platform. The system digitizes curriculum delivery, teacher training, and assessments for over 3,000 partner schools serving 400,000 students from low and middle-income families. LEAD supplies textbooks, digital content, and vendor-sourced resources while tracking learning outcomes via AI-driven analytics. Founded in 2012, the company operates primarily in Maharashtra and expands to 10 Indian states.

Docebo Inc is a provider of cloud-based learning management systems. The solutions provided by the company allow learning administrators to deliver scalable and flexible personalized learning experiences, from formal training to social learning to multiple internal, external, and blended audiences. The group provides an easy-to-use, configurable, and affordable learning platform with the end-to-end capabilities and critical functionality needed to train both internal and external workforces, partners, and customers. The majority of the revenue is derived from customers based in North America.

Qibu Co Ltd operates in the apparel industry. The company designs and develops, produces, and sells children's shoes, children's wear, and children's clothing accessories. The company's main product brand is ABC KIDS.

Skillsoft Corp is a leader in corporate digital learning. The company's segments include Talent Development Solutions and Global Knowledge. Talent Development Solutions brings a foundation of products and customers. TDS enterprise-grade solution serves customers and employees world-wide. TDS Learner is a world-renowned consumer-scale and experiential learning platform that serves learners internationally. The Global Knowledge segment is centered around instructor-led training, or live learning, with face-to-face delivery by experienced trainers, both in-person and virtually.

FLOWSPARKS NV is engaged in providing online educational services. It provides an e-learning platform that enables organizations to create, manage, and deliver digital training based on their internal expertise. With built-in instructional design, multilingual capabilities, reporting features, and AI Co-Authoring, FLOWSPARKS helps companies scale training across teams, locations, and languages. In addition to the platform, it offers customized training content creation services for customers who require support.

Stride Inc is an American online educational company. It offers alternative programs to traditional on-campus schooling. It also operates state-funded virtual charter schools around the United States. The educational programs for K-12 students are usually monitored by parents and provide virtual classroom environments where teachers meet with students online, by phone, or in-person. The company's contractual agreements with various school districts to offer its curriculum programs provide a majority of the company's revenue. The company lines of business are Managed Public School Programs, Institutional and Private Pay Schools and Other.

East Buy Holding Ltd is a live-streaming platform that focuses on selecting premium products for customers. The company operates in three reportable segments: Private Label Products and Livestreaming E-Commerce, College Education, and Institutional Customers. The majority of its revenue comes from private label products and the direct e-commerce segment, i.e., direct online commerce with private label products sold to individual customers and providing commission services.

Youdao Inc develops and markets software applications. It engages in developing technologies to provide learning content, applications, and solutions. The firm operates in three segments: Learning services, Smart devices, and Online marketing services. The majority of its revenue comes from the Learning services segment, which generates revenues from online courses, mainly including Youdao Premium Courses, NetEase Cloud Classroom, and China University MOOC. The learning products segment includes sales of smart devices such as the Youdao Dictionary Pen and the Youdao Pocket Translator. Geographically, all of its revenue is generated from the People's Republic of China.

I-Scream Media Co Ltd is an education company with educational content and different content production capabilities. The company's business includes the edutech platform 'Ice Cream S' utilized by elementary school teachers with differentiated and diverse contents, 'Ice Cream Remote Education Training Center', a training institute for teachers to enhance their teaching expertise, 'Ice Cream Mall', which helps teachers conveniently prepare classes and operate classes by the Korean environment, and 'Ice Cream Textbook', an elementary school textbook that combines books and digital contents.

51 Talk Online Education Group is an online education platform in China, with core expertise in English education. The company's mission is to make quality education accessible and affordable. It's online and mobile education platforms enable students across China to take live interactive English lessons with overseas foreign teachers, on demand. The Group operates in seven principal geographical area: China, Hong Kong, Philippines, Singapore, Malaysia, Thailand and Saudi Arabia.

ApplyBoard is a Kitchener-headquartered technology platform that connects international students with recruitment partners and 1,500 educational institutions across Canada, the UK, US, Australia, and Ireland. The company simplifies study abroad processes from application discovery to enrollment for over 800,000 students annually. Recognized in Deloitte's Technology Fast 50 for Canada in 2023—its fifth consecutive year—it employs more than 1,200 staff in 30 countries including Gurugram, India, Nepal, Bangladesh, and the Philippines. ApplyBoard's tools handle visa support, document management, and partner matching.

growV delivers educational services leveraging learning technology for enhanced student outcomes.

Reify Health is a Boston-headquartered provider of cloud-based software for clinical trial operations. Its StudyTeam platform streamlines patient recruitment, site activation, and enrollment tracking for sponsors, CROs, and research sites. The system integrates with electronic health records and delivers real-time dashboards, used in trials across oncology, rare diseases, and neurology.

Topicus com Inc is engaged in the development, installation, and customization of vertical market software and the provision of related professional services and support for customers across several diverse markets, mainly in Europe. Its revenue consists mainly of software license fees, maintenance and other recurring fees, professional service fees, and hardware sales. Geographically, the company generates maximum revenue from its business in the Netherlands, and the rest from other markets.