About Thinkific
Thinkific is a company based in Vancouver (Canada) founded in 2012 by Greg Smith.. Thinkific has raised $22 million across 2 funding rounds from investors including Rhino Ventures and Rhino Ventures. The company has 275 employees as of December 31, 2024. Thinkific offers products and services including Courses, Communities, Digital Downloads, and Memberships. Thinkific operates in a competitive market with competitors including Kajabi, Hotmart, Classplus, Teachable and CYPHER LEARNING, among others.
- Headquarter Vancouver, Canada
- Employees 275 as on 31 Dec, 2024
- Founders Greg Smith
- Stage Public
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Sectors
EducationRetail
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Thinkific Labs, Inc.
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Annual Revenue
$63.74 M (USD)15.06as on Dec 31, 2024
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Net Profit
$-225.66 K (USD)97.54as on Dec 31, 2024
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EBITDA
$-1.01 M (USD)88.4as on Dec 31, 2024
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Total Equity Funding
$22 M (USD)
in 2 rounds
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Latest Funding Round
$22 M (USD), Series A
Sep 29, 2020
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Investors
Rhino Ventures
& 1 more
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Employee Count
275
as on Dec 31, 2024
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IPO & Listings of Thinkific
Thinkific is a publicly listed company on the TSX with ticker symbol THNC in Canada, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Thinkific
Thinkific offers a comprehensive portfolio of products and services, including Courses, Communities, Digital Downloads, and Memberships. 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.
Tool for creating and selling educational courses online
Space for shared online learning and business growth
System for generating leads via downloadable products
Platform for exclusive access and recurring revenue
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Software Development Team
24 people
Senior Team
20 people
Sales and Marketing
15 people
Leadership Team
9 people
Staff Team
6 people
Finance and Accounting
6 people
Data Analysis and Operations Team
6 people
Operations Team
6 people
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Funding Insights of Thinkific
Thinkific has successfully raised a total of $22M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $22 million completed in September 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 Series A — $22.0M
- First Round First Round
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2020 | Amount | Series A - Thinkific | Valuation | Rhino Ventures |
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| Mar, 2016 | Amount | Seed - Thinkific | 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 Thinkific
Thinkific has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Rhino Ventures and Rhino 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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Early-stage venture capital funding is provided by Rhino Ventures.
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Founded Year | Domain | Location | |
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Early-stage venture capital funding is provided by Rhino Ventures.
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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 Thinkific
| 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 - Thinkific
| 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 |
Thinkific Comparisons
Competitors of Thinkific
Thinkific 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 Kajabi, Hotmart, Classplus, Teachable and CYPHER LEARNING, 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 |
Cloud-based software solution to create online courses
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| domain | founded_year | HQ Location |
Cloud-based eCommerce solution that enables merchants to sell digital products
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| domain | founded_year | HQ Location |
White-label online coaching platform is provided for educators.
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| domain | founded_year | HQ Location |
Cloud-based course creation platform
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| domain | founded_year | HQ Location |
Provider of cloud and app-based learning management system for schools and corporates
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Thinkific
Frequently Asked Questions about Thinkific
When was Thinkific founded?
Thinkific was founded in 2012 and raised its 1st funding round 4 years after it was founded.
Where is Thinkific located?
Thinkific is headquartered in Vancouver, Canada. It is registered at Vancouver, British Columbia, Canada.
Who is the current CEO of Thinkific?
Greg Smith is the current CEO of Thinkific. They have also founded this company.
Is Thinkific a funded company?
Thinkific is a funded company, having raised a total of $22M across 2 funding rounds to date.
How many employees does Thinkific have?
As of Dec 31, 2024, the latest employee count at Thinkific is 275.
What is the annual revenue of Thinkific?
Annual revenue of Thinkific is $63.74M as on Dec 31, 2024.
What does Thinkific do?
Thinkific was founded in 2012 in Vancouver, Canada, as a provider of online academy building tools within the edtech sector. The platform is used to develop and host online courses, digital products, and membership communities. Operations focus on a premium subscription model, with additional revenue derived from transaction fees on sales. Services are delivered globally through the thinkific.com domain, supporting educators and creators in monetizing content.
Who are the top competitors of Thinkific?
What products or services does Thinkific offer?
Thinkific offers Courses, Communities, Digital Downloads, and Memberships.
Is Thinkific publicly traded?
Yes, Thinkific is publicly traded on TSX under the ticker symbol THNC.
Who are Thinkific's investors?
Thinkific has 2 investors. Key investors include Rhino Ventures, and Rhino Ventures.
What is Thinkific's ticker symbol?
The ticker symbol of Thinkific is THNC on TSX.
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