About Penn Foster
Penn Foster is a company based in Scranton (United States) founded in 1890 by Thomas J Foster was acquired by Bain Capital in April 2018. It operates as a EduTech, and Subscription Services. Penn Foster has completed 2 acquisitions, including Ashworth College and CareerExplorer. Penn Foster offers products and services including High School Diploma, Veterinary Technician Associate Degree, and Medical Billing and Coding Career Diploma. Penn Foster operates in a competitive market with competitors including DeVry, Lottus, Beacon Education, Woolf and Altius Education, among others.
- Headquarter Scranton, United States
- Founders Thomas J Foster
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Sectors
Education
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Email
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Phone
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Website
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Social
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- Legal Name Penn Foster, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
Macquarie Group
& 10 more
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Employee Count
Employee Count
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Investments & Acquisitions
Ashworth College
& 1 more
- Acquired by
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Products & Services of Penn Foster
Penn Foster offers a comprehensive portfolio of products and services, including High School Diploma, Veterinary Technician Associate Degree, and Medical Billing and Coding Career Diploma. 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.
Accredited high school diploma is offered online.
Online vet tech training is provided accredited.
Online training for medical billing is delivered.
Funding Insights of Penn Foster
- Total Funding Total Funding
- Total Rounds 1
- Last Round Last Round
- First Round First Round
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2021 | Amount | Unspecified - Penn Foster | Valuation | BayPine , Two Sigma Impact |
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| 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
Penn Foster has secured backing from 11 investors, including venture fund and institutional investors. Prominent investors backing the company include Macquarie Group, Bain Capital and 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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BayPine is focused on private equity and digital transformation.
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Founded Year | Domain | Location | |
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Diversified alternative assets are managed through investment strategies.
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Founded Year | Domain | Location | |
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US private equity investments are managed by FS Investments.
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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 Penn Foster
Penn Foster has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Ashworth College and CareerExplorer. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Web-based career guidance is offered via psychometric tests for professionals.
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2012 | ||||
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Online college degrees and high school diplomas are provided.
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1987 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Penn Foster
| 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 Comparisons
Competitors of Penn Foster
Penn Foster 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 DeVry, Lottus, Beacon Education, Woolf and Altius Education, 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 |
Undergraduate and graduate degrees are provided online by DeVry.
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Higher education programs are offered via an online portal.
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Online degree programs are provided for students via international partnerships.
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Blockchain-based university operations are managed with token custodianship for tuition.
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| domain | founded_year | HQ Location |
Associate degrees are offered online for transfer to four-year universities.
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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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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 Penn Foster
Frequently Asked Questions about Penn Foster
When was Penn Foster founded?
Penn Foster was founded in 1890 and raised its 1st funding round 131 years after it was founded.
Where is Penn Foster located?
Penn Foster is headquartered in Scranton, United States. It is registered at Scranton, Pennsylvania, United States.
What does Penn Foster do?
Online education and career training are offered by Penn Foster across various sectors including healthcare, skilled trades, and veterinary services. High school diplomas, career diplomas, and associate degrees are delivered through accredited, self-paced programs. Solutions are designed to help learners achieve career goals with flexible learning options. In-demand skills are taught for industries such as IT, business, and design. Programs are accessible 247 via multiple devices to suit individual schedules.
Who are the top competitors of Penn Foster?
Penn Foster's top competitors include Nexford, DeVry and Beacon Education.
What products or services does Penn Foster offer?
Penn Foster offers High School Diploma, Veterinary Technician Associate Degree, and Medical Billing and Coding Career Diploma.
How many acquisitions has Penn Foster made?
Penn Foster has made 2 acquisitions, including Ashworth College, and CareerExplorer.
Who are Penn Foster's investors?
Penn Foster has 11 investors. Key investors include Macquarie Group, Bain Capital, Princeton Review, PineBridge Investments, and BC Partners.
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