About Gradescope
Gradescope is a company based in Berkeley (United States) founded in 2014 was acquired by Turnitin in June 2018.. Gradescope has raised $5.35 million across 4 funding rounds from investors including Turnitin, Ironfire Ventures and K9 Ventures. Gradescope operates in a competitive market with competitors including Renaissance, MasteryConnect, TagHive, Turnitin and Xello, among others.
- Headquarter Berkeley, 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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- Legal Name Gradescope, Inc.
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Software Development Team
83 people
Sales and Marketing
33 people
Senior Team
31 people
Leadership Team
29 people
Customer Team
23 people
Product Management Team
9 people
Human Resources and Administration
9 people
Finance and Accounting
8 people
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Funding Insights of Gradescope
Gradescope has successfully raised a total of $5.35M across 4 strategic funding rounds. The most recent funding activity was a Seed round of $2.75 million completed in June 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 4
- Last Round Seed — $2.8M
- First Round First Round
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2018 | Amount | Seed - Gradescope | Valuation | Reach Capital | |
| Jan, 2018 | Amount | Grant - Gradescope | Valuation |
investors |
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| Feb, 2016 | Amount | Seed - Gradescope | Valuation | Bloomberg Beta , Freestyle |
| 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 Gradescope
Gradescope has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include Turnitin, Ironfire Ventures and K9 Ventures. 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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Seed to growth stage US tech startups are invested in.
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Founded Year | Domain | Location | |
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A technology-focused Pre-Seed fund in Palo Alto, California.
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Founded Year | Domain | Location | |
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Freestyle VC is engaged in seed funding for tech startups.
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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 Gradescope
| 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 - Gradescope
| 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 |
Gradescope Comparisons
Competitors of Gradescope
Gradescope 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 Renaissance, MasteryConnect, TagHive, Turnitin and Xello, 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 |
Cloud-based K-12 assessments in reading, math, and writing are delivered.
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| domain | founded_year | HQ Location |
Assessment and data solutions are developed for K-12 education.
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| domain | founded_year | HQ Location |
AI-powered quiz application for educational engagement is provided.
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| domain | founded_year | HQ Location |
Plagiarism detection and assessment platforms are provided for educators.
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| domain | founded_year | HQ Location |
Provider of an online platform for developing technical and soft skills in students
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| domain | founded_year | HQ Location |
Assessment-assistance solutions are provided to educators via online tools.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Gradescope
Frequently Asked Questions about Gradescope
When was Gradescope founded?
Gradescope was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Gradescope located?
Gradescope is headquartered in Berkeley, United States. It is registered at Berkeley, California, United States.
Is Gradescope a funded company?
Gradescope is a funded company, having raised a total of $5.35M across 4 funding rounds to date. The company's 1st funding round was a Seed of $2.6M, raised on Nov 02, 2015.
What does Gradescope do?
Gradescope was founded in 2014 in Berkeley, United States, as an edtech platform for grading paper-based homeworks and exams. Scanned documents are uploaded by instructors, who then perform grading with built-in tools and access student performance statistics. The service is provided free to educators, with in-app upgrades available for purchase. By December 2015, more than 3.5 million pages of work had been processed.
Who are the top competitors of Gradescope?
Gradescope's top competitors include Renaissance, Learnosity and MasteryConnect.
Who are Gradescope's investors?
Gradescope has 9 investors. Key investors include Turnitin, Ironfire Ventures, K9 Ventures, Freestyle VC, and Bloomberg Beta.
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