About Authess
Authess is a company based in Boston (United States) founded in 2015 was acquired by Elsevier in March 2020.. Authess has raised $2.89 million across 5 funding rounds from investors including Manipal Global, Elsevier and LearnLaunch. Authess operates in a competitive market with competitors including D2L, Degreed, Docebo, CoachHub and WorkRamp, among others.
- Headquarter Boston, United States
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
$00as on Nov 04, 2019
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Net Profit
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EBITDA
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Total Equity Funding
$2.89 M (USD)
in 5 rounds
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Latest Funding Round
$137.29 K (USD), Debt – Conventional
Nov 04, 2019
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Investors
Manipal Global
& 3 more
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Employee Count
Employee Count
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Acquired by
Elsevier
(Mar 11, 2020)
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Funding Insights of Authess
Authess has successfully raised a total of $2.89M across 5 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $137.29 thousand completed in November 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 5
- Last Round Debt – Conventional — $137,286
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First Round
First Round
(10 Feb 2015)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2019 | Amount | Debt – Conventional - Authess | Valuation |
investors |
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| Apr, 2019 | Amount | Debt – Conventional - Authess | Valuation |
investors |
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| Feb, 2017 | Amount | Seed - Authess | Valuation | EduLab |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Authess
Authess has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Manipal Global, Elsevier and LearnLaunch. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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EduLab is engaged in developing next-generation educational solutions globally.
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Founded Year | Domain | Location | |
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Edtech startups are accelerated through specialized funding programs.
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Founded Year | Domain | Location | |
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University offering degrees in medicine, dentistry & foundation in science
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Authess
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Authess
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Authess Comparisons
Competitors of Authess
Authess operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as D2L, Degreed, Docebo, CoachHub and WorkRamp, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Learning management systems are provided for multiple sectors.
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| domain | founded_year | HQ Location |
Cloud-based LMS platform tracks skills across industries.
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| domain | founded_year | HQ Location |
Cloud-based learning management system for corporate employee training is provided.
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| domain | founded_year | HQ Location |
Provider of online coaching and professional development solutions
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| domain | founded_year | HQ Location |
Enterprise learning management systems are provided for training programs.
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| domain | founded_year | HQ Location |
Online LMS platform is delivered for multi-industry compliance training.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Authess
Frequently Asked Questions about Authess
When was Authess founded?
Authess was founded in 2015.
Where is Authess located?
Authess is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Is Authess a funded company?
Authess is a funded company, having raised a total of $2.89M across 5 funding rounds to date. The company's 1st funding round was a Seed of $2.2M, raised on Feb 10, 2015.
What does Authess do?
Authess was founded in 2015 and is located in Boston, United States. Operations are focused on the education technology sector, where mobile and online assessments are delivered to students. Problem-solving paths of learners are tracked, and gaps in skills and understanding are identified through the platform. Job-related principles, knowledge, and skills are incorporated into assessments to measure learners existing capabilities.
Who are Authess's investors?
Authess has 4 investors. Key investors include Manipal Global, Elsevier, LearnLaunch, and EduLab.