About CommonLit
CommonLit is a company founded in 2014.. CommonLit has raised $4 million across 3 funding rounds from investors including Google, Teach For America and U.S. Department of Education. CommonLit offers products and services including ELA Curriculum, Professional Development, and Benchmark Assessments. CommonLit operates in a competitive market with competitors including Reading Plus, Lexia Learning, StudySync, Headsprout and Spritz, among others.
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Sectors
Education
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Phone
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Website
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Social
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- Legal Name Commonlit Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4 M (USD)
in 3 rounds
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Latest Funding Round
$3.5 M (USD), Grant
Oct 09, 2018
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Investors
Google
& 5 more
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Employee Count
Employee Count
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Products & Services of CommonLit
CommonLit offers a comprehensive portfolio of products and services, including ELA Curriculum, Professional Development, and Benchmark Assessments. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Platform for standards-aligned ELA lessons and texts for students.
Support for educators on curriculum implementation and teaching strategies.
Tests to track student reading growth and proficiency levels.
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Funding Insights of CommonLit
CommonLit has successfully raised a total of $4M across 3 strategic funding rounds. The most recent funding activity was a Grant round of $3.5 million completed in October 2018. 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 3
- Last Round Grant — $3.5M
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First Round
First Round
(05 Oct 2016)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2018 | Amount | Grant - CommonLit | Valuation |
investors |
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| Jun, 2018 | Amount | Series A - CommonLit | Valuation | Teach For America , Epic Foundation | |
| Oct, 2016 | Amount | Grant - CommonLit | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 CommonLit
CommonLit has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Google, Teach For America and U.S. Department of Education. 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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A technology company offering products and services, including search engine, cloud computing, advertising, email, productivity software, and more
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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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 CommonLit
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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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 - CommonLit
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Commonlit Comparisons
Competitors of CommonLit
CommonLit 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 Reading Plus, Lexia Learning, StudySync, Headsprout and Spritz, 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 |
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Reading skills are developed for K-12 students through online intervention.
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Personalized learning and assessment for reading skills are offered.
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| domain | founded_year | HQ Location |
Web-based curriculum for English literacy and skills development is provided.
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| domain | founded_year | HQ Location |
Online adaptive reading proficiency solutions are provided for students.
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App-based reading proficiency solutions for students are provided.
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about CommonLit
When was CommonLit founded?
CommonLit was founded in 2014 and raised its 1st funding round 2 years after it was founded.
Is CommonLit a funded company?
CommonLit is a funded company, having raised a total of $4M across 3 funding rounds to date. The company's 1st funding round was a Grant of $3.89M, raised on Oct 05, 2016.
What does CommonLit do?
CommonLit was founded in 2014 as an education platform focused on literacy development. Instructional materials for students in grades 5-12 are curated by experienced teachers and designed for compatibility with various curricula. Users select themes and discussion questions, after which relevant texts are suggested for classroom discussions. Operations center on delivering accessible reading resources to support instructional needs in the education sector.
Who are the top competitors of CommonLit?
CommonLit's top competitors include Spritz, Reading Plus and Lexia Learning.
What products or services does CommonLit offer?
CommonLit offers ELA Curriculum, Professional Development, and Benchmark Assessments.
Who are CommonLit's investors?
CommonLit has 6 investors. Key investors include Google, Teach For America, U.S. Department of Education, Epic Foundation, and AT&T.
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