About NoRedInk
NoRedInk is a company based in San Francisco (United States) founded in 2012.. NoRedInk has raised $58.16 million across 5 funding rounds from investors including Social Capital, Susquehanna Growth Equity and True Ventures. NoRedInk offers products and services including NoRedInk Platform and AI-powered Grading Assistant. NoRedInk operates in a competitive market with competitors including Letrus, Writable, WriteLab, Don Johnston and Plume, among others.
- Headquarter San Francisco, 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 Noredink Corp.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$58.16 M (USD)
in 5 rounds
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Latest Funding Round
$50 M (USD), Series B
Aug 24, 2021
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Investors
Social Capital
& 9 more
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Employee Count
Employee Count
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Products & Services of NoRedInk
NoRedInk offers a comprehensive portfolio of products and services, including NoRedInk Platform and AI-powered Grading Assistant. 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.
Interactive tool for grammar and writing practice for students
Assists teachers in efficiently grading student writing assignments
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Funding Insights of NoRedInk
NoRedInk has successfully raised a total of $58.16M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $50 million completed in August 2021. 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 5
- Last Round Series B — $50.0M
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First Round
First Round
(01 Jun 2012)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2021 | Amount | Series B - NoRedInk | Valuation | Susquehanna Growth Equity | |
| Feb, 2015 | Amount | Series A - NoRedInk | Valuation | True Ventures | |
| Aug, 2013 | Amount | Seed - NoRedInk | Valuation | CRV , Social Capital |
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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 NoRedInk
NoRedInk has secured backing from 10 investors, including venture fund and institutional investors. Prominent investors backing the company include Social Capital, Susquehanna Growth Equity and True 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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Private equity firm
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Founded Year | Domain | Location | |
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Venture capital firm supporting AI founders through investments and community.
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Founded Year | Domain | Location | |
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Seed stage venture capital firm investing in US
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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 NoRedInk
| 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 - NoRedInk
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
Noredink Comparisons
Competitors of NoRedInk
NoRedInk 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 Letrus, Writable, WriteLab, Don Johnston and Plume, 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 |
AI-based solutions for literacy skills development are offered to students.
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| domain | founded_year | HQ Location |
Writing practice tools are offered for grades 3-12 students.
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| domain | founded_year | HQ Location |
Writing feedback is provided by a browser-based analysis tool.
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| domain | founded_year | HQ Location |
Educational tools and curriculum provider for school and students
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| domain | founded_year | HQ Location |
Plume Mobility is engaged in manufacturing electric scooters in France.
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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 Noredink
Frequently Asked Questions about NoRedInk
When was NoRedInk founded?
NoRedInk was founded in 2012.
Where is NoRedInk located?
NoRedInk is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is NoRedInk a funded company?
NoRedInk is a funded company, having raised a total of $58.16M across 5 funding rounds to date. The company's 1st funding round was a Seed of $2M, raised on Jun 01, 2012.
What does NoRedInk do?
NoRedInk was founded in 2012 in San Francisco, United States, as an edtech platform focused on student learning. Grammar and writing skills are targeted through adaptive exercises, quizzes, and assignments generated from personal interests and social connections. Teacher tools include progress tracking with color-coded heat maps. Access is provided via web and iPad, with operations based on a freemium model.
Who are the top competitors of NoRedInk?
NoRedInk's top competitors include Don Johnston, WriteLab and Letrus.
What products or services does NoRedInk offer?
NoRedInk offers NoRedInk Platform and AI-powered Grading Assistant.
Who are NoRedInk's investors?
NoRedInk has 10 investors. Key investors include Social Capital, Susquehanna Growth Equity, True Ventures, ASU+GSV Summit, and Kapor Capital.
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