About Penn Foster Inc
Penn Foster Inc is a company based in Scranton (United States) founded in 1890 was acquired by Princeton Review in October 2009.. Penn Foster Inc operates in a competitive market with competitors including Course Hero, Numerade, Passei Direto, StudySmarter and Baims, among others.
- Headquarter Scranton, United States
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Sectors
Education
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Phone
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Website
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
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Acquired by
Princeton Review
(Oct 19, 2009)
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Funding Insights of Penn Foster Inc
| 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 |
Investors in Penn Foster Inc
Penn Foster Inc has secured backing from 1 investor. Prominent investors backing the company include Princeton Review. 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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Test preparation for standardized exams is provided online.
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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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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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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 Penn Foster Inc
| 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 - Penn Foster Inc
| 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 |
Penn Foster Inc Comparisons
Competitors of Penn Foster Inc
Penn Foster Inc 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 Course Hero, Numerade, Passei Direto, StudySmarter and Baims, 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 learning resources are delivered via a mobile platform.
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Provider of study assistance platform for students
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| domain | founded_year | HQ Location |
Study materials and resources are shared among university students.
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| domain | founded_year | HQ Location |
Mobile-based learning app for students
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Courses on diverse topics are delivered via an online platform.
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| domain | founded_year | HQ Location |
Online learning platform for higher education students
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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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 Penn Foster Inc
When was Penn Foster Inc founded?
Penn Foster Inc was founded in 1890.
Where is Penn Foster Inc located?
Penn Foster Inc is headquartered in Scranton, United States. It is registered at Scranton, Pennsylvania, United States.
What does Penn Foster Inc do?
Penn Foster was founded in 1890 and is headquartered in Scranton, United States. An online platform is operated to deliver courses across multiple disciplines, including business, computer science, criminal justice, child care, health care, travel, and related fields. Education services are provided remotely, focusing on vocational and professional development without physical campus requirements. The model supports flexible learning for diverse student needs in the education sector.
Who are the top competitors of Penn Foster Inc?
Penn Foster Inc's top competitors include Course Hero, Numerade and StudySmarter.
Who are Penn Foster Inc's investors?
Penn Foster Inc has 1 investor. Key investors include Princeton Review.