About Lumerit Scholar
Lumerit Scholar is an Education company based in San Antonio (United States) founded in 2004, and was acquired by Pearson in November 2019. Transferable credit online courses are provided for college students. Lumerit Scholar has raised $4.38 million across 4 funding rounds from investors including Pearson. Lumerit Scholar offers products and services including Online Courses, Bachelor's Degrees, and Graduate Certificates. Its focus areas include EdTech, Higher Education Tech, College IT and Admin Solutions. Its competitors include Parchment, ZeeMee and Pathbrite; 3 of its 3 listed competitors have raised funding.
Company details
Lumerit Scholar was founded in 2004 in San Antonio, United States, within the online education sector. Self-paced courses are offered in general education, business, criminal justice, and electives, with credits transferable to universities and colleges. Delivery occurs via modules using textbooks, audio lessons, practice quizzes, and flexible testing with instant grading. A subscription model is employed, with the standard package covering 8 courses at 4200 per year.
Products & Services of Lumerit Scholar
Lumerit Scholar offers a comprehensive portfolio of products and services, including Online Courses, Bachelor's Degrees, and Graduate Certificates.
Affordable courses for flexible higher education learning
Accelerated paths to earn degrees without loans
Mini-MBA style certificates for professional development
Apps and channels of Lumerit Scholar
its YouTube channel Pearson Accelerated Pathways has 278 subscribers and 2 videos.
Videos from Lumerit Scholar
The most watched videos on Lumerit Scholar's YouTube channel, Pearson Accelerated Pathways (278 subscribers). Click a video to play it here.
More on Pearson Accelerated Pathways.
Funding Insights of Lumerit Scholar
Lumerit Scholar has successfully raised a total of $4.38M across 4 strategic funding rounds. The most recent funding activity was a Series A round of $675 thousand completed in June 2019. 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 $4.38M
- Total Rounds 4
- Last Round Series A — $675,000
- First Round $2.5M
(Jan 2017)
All 4 funding rounds of Lumerit Scholar 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 |
|---|---|---|---|---|---|
| Jun 2019 | $675,000 | Series A | – | – | – |
| Jun 2018 | $860,000 | Series A | – | – | – |
| Dec 2017 | $350,000 | Series A | – | – | – |
| Jan 2017 | $2.5M | Series A | – | – | – |
1 investors in total: 1 institutional.
Investors in Lumerit Scholar
Lumerit Scholar has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Pearson.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Provider of evidence-based learning products and solutions for learners and educators | 1836 | pearson.com | London, United Kingdom |
Investor details for Lumerit Scholar
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Timeline of Lumerit Scholar
4 dated milestones of Lumerit Scholar across 15 years, from founding to its latest funding, stage changes and deals.
- Founded Lumerit Scholar is founded.
- Funding First funding round of $2.5M.
- Funding Latest funding round, Series A, of $675K.
- Exit Acquired by Pearson.
Competitors of Lumerit Scholar
Lumerit Scholar has 3 listed competitors in our database, 3 of them funded. They include Parchment, ZeeMee and Pathbrite.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| parchment.com | 2003 | Phoenix, United States | $83.55M | 226 | Electronic transcripts are verified and shared securely through Parchment's platform. | |
| zeemee.com | 2014 | Mountain View, United States | $5.8M | Digital portfolios are supplied to enhance college admissions applications. | ||
| pathbrite.com | 2012 | San Francisco, United States | $10.2M | E-portfolios are built for educators to document student achievements. |
Detailed competitors of Lumerit Scholar
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Verified entity values are shown only after access is granted.
Top companies in Education Technology Platforms
3 companies that operate in the same segment as Lumerit Scholar (Education Technology Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Developer of a platform providing gamified language learning through interactive exercises | 2011 | Pittsburgh, Pennsylvania, United States | USD 183.3 M | USD 748.02 M | 900 | |
Cloud-based software for K-12 education is provided. | 1997 | Folsom, California, United States | USD 32 M | USD 47.59 M | 1,308 | |
Online platform for preschool management and parent updates is offered. | 2014 | San Francisco, California, United States | USD 88.8 M |
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Related news about Lumerit Scholar
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Frequently Asked Questions about Lumerit Scholar
Lumerit Scholar was founded in 2004 and raised its 1st funding round 13 years after it was founded.
Lumerit Scholar is headquartered in San Antonio, United States. It is registered at San Antonio, Texas, United States.
Lumerit Scholar is a funded company, having raised a total of $4.38M across 4 funding rounds to date. The company's 1st funding round was a Series A of $2.5M, raised on Jan 2017.
Lumerit Scholar was founded in 2004 in San Antonio, United States, within the online education sector. Self-paced courses are offered in general education, business, criminal justice, and electives, with credits transferable to universities and colleges. Delivery occurs via modules using textbooks, audio lessons, practice quizzes, and flexible testing with instant grading. A subscription model is employed, with the standard package covering 8 courses at 4200 per year.
Lumerit Scholar offers Online Courses, Bachelor's Degrees, and Graduate Certificates.
Lumerit Scholar has 1 investor. Key investors include Pearson.
Yes. Lumerit Scholar was acquired by Pearson in November 2019.