About FutureLearn
FutureLearn is a company based in London (United Kingdom) founded in 2012 was acquired by Global University Systems in December 2022. FutureLearn has raised $64.55 million across 6 funding rounds from investors including SEEK, European Union and Global University Systems. The company has 111 employees as of May 31, 2023. FutureLearn operates in a competitive market with competitors including Coursera, Udemy, MasterClass, Degreed and Great Learning, among others.
- Headquarter London, United Kingdom
- Employees 111 as on 31 May, 2023
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Sectors
Education
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Futurelearn Limited
- Date of Incorporation 10 Dec, 2012
- Jurisdiction LONDON, ENGLAND
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Annual Revenue
$13.35 M (USD)-10as on Jul 31, 2022
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Net Profit
-$22.9 M (USD)-8as on Jul 31, 2022
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EBITDA
-$22.88 M (USD)-8as on Jul 31, 2022
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Total Equity Funding
$64.55 M (USD)
in 6 rounds
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Latest Funding Round
$21.47 K (USD), Grant
Jan 15, 2020
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Investors
SEEK
& 2 more
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Employee Count
111
as on May 31, 2023
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Acquired by
Global University Systems
(Dec 05, 2022)
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Funding Insights of FutureLearn
FutureLearn has successfully raised a total of $64.55M across 6 strategic funding rounds. The most recent funding activity was a Grant round of $21.47 thousand completed in January 2020. 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 6
- Last Round Grant — $21,475
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2020 | Amount | Grant - FutureLearn | Valuation |
investors |
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| Apr, 2019 | Amount | Series B - FutureLearn | Valuation | SEEK |
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| Jan, 2019 | Amount | Grant - FutureLearn | Valuation |
investors |
Investors in FutureLearn
FutureLearn has secured backing from 3 investors, including institutional investors. Prominent investors backing the company include SEEK, European Union and Global University Systems.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability
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Founded Year | Domain | Location | |
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Jobs are matched online with users' skills across multiple industries.
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Founded Year | Domain | Location | |
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Provides higher education, online learning, and research via global institutions and partners.
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Founded Year | Domain | Location |
Investments & Acquisitions by FutureLearn
Financial Statements - FutureLearn
Futurelearn Comparisons
Competitors of FutureLearn
FutureLearn 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 Coursera, Udemy, MasterClass, Degreed and Great Learning, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
An online platform for multi-course education is operated.
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| domain | founded_year | HQ Location |
Online courses in diverse subjects are provided via a marketplace.
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| domain | founded_year | HQ Location |
Online courses in creative fields are delivered by celebrity experts.
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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 |
Provides online learning programs for IT
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| domain | founded_year | HQ Location |
Online courses in web and app development
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Frequently Asked Questions about FutureLearn
FutureLearn was founded in 2012 and raised its 1st funding round 5 years after it was founded.
FutureLearn is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
FutureLearn is a funded company, having raised a total of $64.55M across 6 funding rounds to date. The company's 1st funding round was a Grant of $154.32K, raised on Feb 02, 2017.
As of May 31, 2023, the latest employee count at FutureLearn is 111.
Annual revenue of FutureLearn is $13.35M as on Jul 31, 2022.
FutureLearn, wholly owned by The Open University, provides free online courses mainly from UK universities and other organisations. Course catalog contains courses in languages, arts, history, business management, nature, science, math and more. Courses are accessible on mobile, tablet and desktop. Partners with 70 UK and other organisations like the British Council, the British Library and the British Museum. Users can join, leave and rejoin any course at any given time during the course duration. Some courses suggest pre-requisites. Offers Statements of Participation and exams for some courses. Right now, the courses are being offered only in English and the company plans to expand to other languages in future. Courses have been taken by 2M users as of Oct, 2015.
FutureLearn's top competitors include Coursera, MasterClass and Great Learning.
FutureLearn has 3 investors. Key investors include SEEK, European Union, and Global University Systems.