About LitCharts
LitCharts is a company based in New York (United States) founded in 2008 by Ben Florman and Justin Kestler was acquired by Course Hero in June 2021.. LitCharts has raised $500 thousand across 1 funding round from investors including Course Hero. LitCharts offers products and services including Literature Guides, Poetry Guides, AI Tools, and Shakespeare Translations. LitCharts operates in a competitive market with competitors including Yuewen, READ-O, ALIBRATE, Tertulia and The StoryGraph, among others.
- Headquarter New York, United States
- Founders Ben Florman, Justin Kestler
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Sectors
Media & Entertainment
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Phone
*********
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Website
*********
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Social
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- Legal Name Litcharts Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$500 K (USD)
in 1 rounds
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Latest Funding Round
$500 K (USD), Unspecified
Jun 05, 2015
- Investors
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Employee Count
Employee Count
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Acquired by
Course Hero
(Jun 10, 2021)
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Products & Services of LitCharts
LitCharts offers a comprehensive portfolio of products and services, including Literature Guides, Poetry Guides, AI Tools, and Shakespeare Translations. 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.
Provides chapter summaries and analysis for books and themes
Offers line-by-line analysis and poetic device explanations
Generates discussion questions and essay prompts for learning
Delivers modern English mappings for classic plays
Funding Insights of LitCharts
LitCharts has successfully raised a total of $500K through 1 strategic funding round. The most recent funding activity was a Unspecified round of $500 thousand completed in June 2015. 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 1
- Last Round Unspecified — $500,000
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First Round
First Round
(05 Jun 2015)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2015 | Amount | Unspecified - LitCharts | Valuation |
investors |
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| 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 LitCharts
LitCharts has secured backing from 1 investor. Prominent investors backing the company include Course Hero. 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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Online learning resources are delivered via a mobile platform.
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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 LitCharts
| 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 - LitCharts
| 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 |
Litcharts Comparisons
Competitors of LitCharts
LitCharts 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 Yuewen, READ-O, ALIBRATE, Tertulia and The StoryGraph, 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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| domain | founded_year | HQ Location |
Online digital content library
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| domain | founded_year | HQ Location |
App tracks books read, offers recommendations, and enables reading communities.
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| domain | founded_year | HQ Location |
Functions as an online platform for book reading and exploration.
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| domain | founded_year | HQ Location |
App-based platform for reading books in various genres is provided.
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| domain | founded_year | HQ Location |
An AI-powered platform offering personalized book recommendations to users.
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| domain | founded_year | HQ Location |
Functions as a review aggregator for books, similar to Rotten Tomatoes.
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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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Frequently Asked Questions about LitCharts
When was LitCharts founded?
LitCharts was founded in 2008 and raised its 1st funding round 7 years after it was founded.
Where is LitCharts located?
LitCharts is headquartered in New York, United States. It is registered at New York, New York, United States.
Is LitCharts a funded company?
LitCharts is a funded company, having raised a total of $500K across 1 funding round to date. The company's 1st funding round was a Unspecified of $500K, raised on Jun 05, 2015.
What does LitCharts do?
LitCharts was established in 2008 in New York, United States, as an online provider of literary resources. Guides for literature and poetry, explanations of literary devices, and translations of Shakespeares plays are made available through a searchable platform. PDF downloads, quote analyses, and advanced search tools are included among the features. Access is supported on iOS and Android devices.
Who are the top competitors of LitCharts?
LitCharts's top competitors include Yuewen, Tertulia and Beijing Lanwan Bowan Technology.
What products or services does LitCharts offer?
LitCharts offers Literature Guides, Poetry Guides, AI Tools, and Shakespeare Translations.
Who are LitCharts's investors?
LitCharts has 1 investor. Key investors include Course Hero.