About Explorance
Explorance is a company based in Montreal (Canada) founded in 2003 by Samer Saab was acquired by Heriot-Watt University in November 2024. Explorance has raised $19.61 million across 1 funding round from investors including Heriot-Watt University and Invest Quebec. Explorance has completed 2 acquisitions, including Metrics That Matter and Thoransoft. Explorance offers products and services including Blue, MLY, and Metrics That Matter (MTM). Explorance operates in a competitive market with competitors including PowerSchool, Anthology, GoGuardian, Frontline Education and BetterWorks, among others.
- Headquarter Montreal, Canada
- Founders Samer Saab
- SectorsTechnologyEducation
- Website category Business and Consumer Services · Business Services
- Email••••••••
- Phone•••• ••••
- Website explorance.com
- Social LinkedIn X Facebook Instagram YouTube
- Acquired by Heriot-Watt University (Nov 2024)
- Legal Name Explorance Inc
- Total Equity Funding$19.61M (USD)
in 1 rounds
- Latest Funding Round$19.61M (USD), Series B
Nov 2021
- InvestorsHeriot-Watt University
& 1 more
- Investments & AcquisitionsMetrics That Matter
& 1 more
- Acquired byHeriot-Watt University
(Nov 2024)
Products & Services of Explorance
Explorance offers a comprehensive portfolio of products and services, including Blue, MLY, and Metrics That Matter (MTM).
Platform for conducting and analyzing course evaluations in higher education.
AI tool that processes feedback data to provide actionable insights.
Software for measuring and optimizing learning program effectiveness.
Apps and channels of Explorance
its YouTube channel Explorance has 230 subscribers and 30 videos.
Videos from Explorance
The most watched videos on Explorance's YouTube channel, Explorance (230 subscribers). Click a video to play it here.
More on Explorance.
Funding Insights of Explorance
Explorance has successfully raised a total of $19.61M through 1 strategic funding round. The most recent funding activity was a Series B round of $19.61 million completed in November 2021. 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 $19.61M
- Total Rounds 1
- Last Round Series B — $19.61M
- First Round $19.61M
(Nov 2021)
- Investors Count 1
All 1 funding rounds of Explorance with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2021 | $19.61M | Series B | – | Invest Quebec | – |
2 investors in total: 2 institutional.
Investors in Explorance
Explorance has secured backing from 2 investors, including institutional investors. Prominent investors backing the company include Heriot-Watt University and Invest Quebec.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Business guidance for corporate companies and startups | – | investquebec.com | Quebec City, Canada | |
University offers multiple courses across diversified streams | 1821 | hw.ac.uk | Edinburgh, United Kingdom |
Investor details for Explorance
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Explorance
1 people are tracked at Explorance (1 in leadership).
| Name | Role | Group |
|---|---|---|
Samer Saab | Founder & CEO | Leadership |
Complete people profiles for Explorance
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Explorance
Explorance has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Metrics That Matter and Thoransoft.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
A platform for evaluating enterprise learning program effectiveness. | metricsthatmatter.com | United States | 2000 | Sep 2018 | •••• | |
Software development services are provided from Montreal, Canada. | thoransoft.com | Montreal, Canada | 2005 | Mar 2016 | •••• |
Complete acquisition details for Explorance
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Explorance
5 dated milestones of Explorance across 21 years, from founding to its latest funding, stage changes and deals.
- Founded Explorance is founded.
- Acquisition Acquires Thoransoft.
- Acquisition Acquires Metrics That Matter.
- Funding First funding round of $19.6M.
- Exit Acquired by Heriot-Watt University.
Competitors of Explorance
Explorance 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 PowerSchool, Anthology, GoGuardian, Frontline Education and BetterWorks, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| powerschool.com | 1997 | Folsom, United States | $32M | 2,270 | Cloud-based software for K-12 education is provided. | |
| anthology.com | 1996 | Boca Raton, United States | $128.6M | – | LMS and CRM solutions are provided for educational institutions. | |
| goguardian.com | 2014 | Los Angeles, United States | $200M | 237 | School devices and student activities are monitored via AI platform. | |
| frontlineeducation.com | 1998 | Malvern, United States | – | 799 | SaaS-based platform offering management solutions for schools | |
| betterworks.com | 2010 | Palo Alto, United States | $131.93M | 141 | Online goal setting, tracking and management | |
| adaptiveinsights.com | 2003 | Palo Alto, United States | $150.35M | 416 | Cloud-based financial planning and analytics are delivered via SaaS. | |
| 15five.com | 2011 | San Francisco, United States | $98.09M | 168 | Employee feedback and reports are managed via a SaaS platform. | |
| lattice.com | 2015 | San Francisco, United States | $332.47M | – | Cloud-based performance management solutions are offered for employees. | |
| educationdynamics.com | 2005 | Hoboken, United States | $110.5M | – | Prospecting and student retention platform for educational institutions |
Detailed competitors of Explorance
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Explorance
The website of Explorance (explorance.com) receives about 55.4K visits a month and ranks #298,172 among all websites worldwide, #8,586 in Business Services.
- Monthly visits55.4K
▼ 59.4% vs previous month
- Unique visitors86.7K
per month
- Global rank#298,172
among all websites
- Category rank#8,586
Business and Consumer Services · Business Services
- Bounce rate58%
- Pages per visit2.0
- Average visit48 sec
- DevicesDesktop 56% · Mobile 44%
Websites whose visitors overlap most with Explorance. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
panoramicfeedback.com | panoramicfeedback.com | 100% | – | – | – |
custominsight.com | custominsight.com | 96% | – | #2,350,461 | – |
envisialearning.com | envisialearning.com | 85% | – | #6,014,853 | – |
| researchfdi.com | 83% | 43.9K | #811,346 | View details | |
| elmlearning.com | 82% | 51.9K | #763,344 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Explorance
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 40 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Explorance
Complete news archive for Explorance
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Explorance
10 companies that operate in the same segment as Explorance (HR & Workforce Technology), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Anonymous employee reviews and job search platform are operated. | 2007 | San Francisco, California, United States | USD 201.5 M | – | – | |
Cloud-based LMS platform for IT industry | 2004 | Farmington, United States | USD 235.41 M | USD 4.95 M | 260 | |
Employee health benefits are facilitated via a cloud-based platform. | 2007 | Plymouth Meeting, Pennsylvania, United States | USD 228.3 M | – | – | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
Virtual physical therapy and digital pain care solutions are provided. | 2015 | San Francisco, California, United States | USD 854.44 M | – | – | |
Cloud-based HR and financial software is delivered to enterprises. | 2005 | Pleasanton, California, United States | USD 352.3 M | USD 9.53 B | 20,400 | |
Businesses are connected with freelancers via an online marketplace. | 1999 | San Francisco, California, United States | USD 140 M | USD 787.78 M | 600 | |
Tech-enabled mental health solutions for employers are provided. | 2016 | New York, New York, United States | USD 508.73 M | – | – | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.16 B | – | 1 | |
Cloud-based HRMS software is offered for small and medium-sized businesses. | 2016 | Barcelona, Catalonia, Spain | USD 369.25 M | – | – |
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about Explorance
Explorance was founded in 2003 and raised its 1st funding round 18 years after it was founded.
Explorance is headquartered in Montreal, Canada. It is registered at Montreal, Quebec, Canada.
Samer Saab is the current CEO of Explorance. They have also founded this company.
Explorance is a funded company, having raised a total of $19.61M across 1 funding round to date. The company's 1st funding round was a Series B of $19.61M, raised on Nov 2021.
Learning assessment and feedback management platform for educational institutions and enterprises. Its product Blue is an evaluation tool the measures needs, expectations, skills, knowledge, and competencies through course assessment, internal surveys, and other tools. Its other product Bluepulse is a live formative feedback platform that gauges student sentiment, understanding, and progress through ongoing formative feedback, detailed reports, and more. The applications are LTI compliant with Integration with SIS, LMS, HRMS, and more.
Explorance's top competitors include PowerSchool, GoGuardian and Workday Adaptive Planning.
Explorance offers Blue, MLY, and Metrics That Matter (MTM).
Explorance has made 2 acquisitions, including Metrics That Matter, and Thoransoft.
Explorance has 2 investors. Key investors include Heriot-Watt University, and Invest Quebec.
Explorance operates through Explorance Inc.
Yes. Explorance was acquired by Heriot-Watt University in November 2024.