About QuillBot
QuillBot is a company based in Chicago (United States) founded in 2017 was acquired by Course Hero in August 2021.. QuillBot has raised $4.28 million across 2 funding rounds from investors including Course Hero, GSV Ventures and Sierra Ventures. The company has 172 employees as of April 08, 2024. QuillBot operates in a competitive market with competitors including Grammarly, Ginger Software, Matter, Intento and Linguix, among others.
- Headquarter Chicago, United States
- Employees 172 as on 08 Apr, 2024
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Learneo Technologies India (I) Private Limited
- Date of Incorporation 19 Jul, 2020
- Jurisdiction Jaipur, Rajasthan, India
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Annual Revenue
$7 M (USD)144.81as on Mar 31, 2023
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Net Profit
$795.81 K (USD)240.3as on Mar 31, 2023
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EBITDA
$1.34 M (USD)255.19as on Mar 31, 2023
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Total Equity Funding
$4.28 M (USD)
in 2 rounds
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Latest Funding Round
$4.28 M (USD), Seed
Apr 21, 2020
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Investors
Course Hero
& 4 more
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Employee Count
172
as on Apr 08, 2024
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Acquired by
Course Hero
(Aug 19, 2021)
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Software Development Team
38 people
Product Management Team
16 people
Creative and Marketing Team
8 people
Sales and Marketing
6 people
Leadership Team
6 people
SEO Team
5 people
Senior Team
4 people
Data Analysis and Operations Team
4 people
Unlock access to complete
Funding Insights of QuillBot
QuillBot has successfully raised a total of $4.28M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $4.28 million completed in April 2020. 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 2
- Last Round Seed — $4.3M
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2020 | Amount | Seed - QuillBot | Valuation | GSV Ventures , Sierra Ventures | |
| Jun, 2017 | Amount | Seed - QuillBot | Valuation |
investors |
| 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 QuillBot
QuillBot has secured backing from 5 investors, including venture fund investors. Prominent investors backing the company include Course Hero, GSV Ventures and Sierra 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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Ed-tech startups are funded by GSV Ventures through venture capital.
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Founded Year | Domain | Location | |
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Early-stage venture capital investments in AI, healthcare, and enterprise technologies.
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Founded Year | Domain | Location | |
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Early-stage tech investments are made in US-based companies.
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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 QuillBot
| 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 - QuillBot
| 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 |
Quillbot Comparisons
Competitors of QuillBot
QuillBot 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 Grammarly, Ginger Software, Matter, Intento and Linguix, 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.
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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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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 Quillbot
Frequently Asked Questions about QuillBot
When was QuillBot founded?
QuillBot was founded in 2017.
Where is QuillBot located?
QuillBot is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Who is the current CEO of QuillBot?
Rohan Gupta is the current CEO of QuillBot.
Is QuillBot a funded company?
QuillBot is a funded company, having raised a total of $4.28M across 2 funding rounds to date.
How many employees does QuillBot have?
As of Apr 08, 2024, the latest employee count at QuillBot is 172.
What is the annual revenue of QuillBot?
Annual revenue of QuillBot is $7M as on Mar 31, 2023.
What does QuillBot do?
QuillBot was established in 2017 in Chicago, United States, within the AI software sector. An online paraphrasing tool is operated, supporting various writing modes such as creative, suggestive, fluent, concise, and standard. Multiple sentences are handled simultaneously for efficiency. Extensions and add-ins are integrated with Google Chrome, Google Docs, and Microsoft applications, enabling broader accessibility for users in writing tasks.
Who are the top competitors of QuillBot?
QuillBot's top competitors include Grammarly, Ginger Software and Intento.
Who are QuillBot's investors?
QuillBot has 5 investors. Key investors include Course Hero, GSV Ventures, Sierra Ventures, Service Provider Capital, and iventure.illinois.edu.
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