About Follett
Follett is a company based in United States founded in 1873.. Follett has completed 9 acquisitions, including Advanced-Online, Baker and Taylor and BetterKnow.
- Headquarter Westchester, United States
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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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Annual Revenue
$4.13 K (USD)0as on Dec 31, 2020
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Net Profit
$-84.3 (USD)-33as on Dec 31, 2022
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EBITDA
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Latest Funding Round
$1.17 M (USD), Grant
Jun 24, 2008
- Investors
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Employee Count
Employee Count
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Investments & Acquisitions
Advanced-Online
& 8 more
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Acquired by
(Feb 02, 2022)
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Funding Insights of Follett
- Total Funding Total Funding
- Total Rounds 1
- Last Round Grant — $1.2M
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First Round
First Round
(24 Jun 2008)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2008 | Amount | Grant - Follett | Valuation |
investors |
| 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 Follett
Follett has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include 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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Education promotion is managed by the federal agency ED.
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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 Follett
Follett has strategically engaged in corporate development activities, having acquired 9 companies. Notable acquisitions include Advanced-Online, Baker and Taylor and BetterKnow. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Digital learning management systems are provided for schools and students.
|
2016 | ||||
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Provider of cloud services
|
2012 | ||||
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Learning management system is offered for schools and higher education.
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Follett
| 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 |
Follett Comparisons
Competitors of Follett
| 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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Frequently Asked Questions about Follett
When was Follett founded?
Follett was founded in 1873 and raised its 1st funding round 135 years after it was founded.
Where is Follett located?
Follett is headquartered in United States. It is registered at New York, United States.
Who is the current CEO of Follett?
Emmanuel Kolady is the current CEO of Follett.
What is the annual revenue of Follett?
Annual revenue of Follett is $4.13K as on Dec 31, 2020.
What does Follett do?
Follett was founded in 1873 and is based in Westchester, United States. Education technology, services, physical and digital content are supplied to pre-K-12 schools and colleges within the education sector. Partnerships are held with 70,000 schools, while operations encompass more than 1,250 local campus stores and 1,600 virtual stores to support school management, teaching, and learning processes.
How many acquisitions has Follett made?
Follett has made 9 acquisitions, including Advanced-Online, Baker and Taylor, and BetterKnow.
Who are Follett's investors?
Follett has 1 investor. Key investors include U.S. Department of Education.