Area9
Company

Last deal

$30.51M
Local Amount - DKK 190M

Amount

Venture - Series Unknown

Stage

10.01.2018

Date

1

all rounds

$30.51M

Total amount

date founded

Financing round

General

About Company
McGraw-Hill's LearnSmart products use Area9 technology.

Industry

Sector :

Subsector :

Keywords :

founded date

01.01.2006

Number of employees

Company Type

For Profit

Last funding type

Venture - Series Unknown

IPO status

Private

Description

LearnSmart, developed by Area9, is an adaptive learning system that aims to enhance student learning by providing personalized study materials. With over 300 titles and more than 1.5 million users, LearnSmart has delivered over 1 billion questions to students.
Contacts
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Subsector

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M&A Details
1

Acquired by

McGraw-Hill Education

announced date

06.02.2014

Financials

Funding Rounds
1
1

Number of Funding Rounds

$30.51M

Money Raised

Their latest funding was raised on 10.01.2018. Their latest investor Vaekstfonden. Their latest round Venture - Series Unknown

Date 
Funding Round 
Investors 
Money Raised 
Lead 
10.01.2018
1
$30.51M
Local Amount - DKK 190M
Co-Investors
Investors
1
0

Number of lead investors

1

Number of investors

Investor 
Lead 
Round 
Partners 
No
Venture - Series Unknown
Vaekstfonden

Vaekstfonden

Vaekstfonden is a state investment fund that provides capital and strategic support to diverse companies.

Sector

Closed End Investments

Subsector

Closed End Investments

Keywords

Financial Services, Finance

Location

2900 Hellerup, Denmark

count Of Investments

243

count Of Exists

23
Jesper Lilledal

Jesper Lilledal

Responsible for business development of portfolio within industry and ICT. Former positions include Vice President and other leading positions in the B2B component manufacturer Sonion, and director of a Norwegian-owned pan-Scandinavian incubator. Many years of experience with finance, strategy, product management and business development. Graduated MSc in Economics and Business Administration from Copenhagen Business School and CFA, Chartered Financial Analyst.

current job

Vaekstfonden
Vaekstfonden

People

Founders
2
Khurram Jamil
Khurram Jamil

Khurram Jamil

current job

Area9
Area9

organization founded

2

Khurram Jamil

Ulrik Juul Christensen
Ulrik Juul Christensen

Ulrik Juul Christensen

Dr. Christensen is recognized worldwide as an expert in learning technology. He has pioneered adaptive learning, data-driven content development, simulation and debriefing technologies. He is responsible for the strategy of Area9 Group’s businesses, that span from purpose-built platforms for optimization of business processes for large corporations over digital product design to corporate training based on intelligent, adaptive learning. Founded his first company, Sophus Medical, in 1997 while still in medical school. Sophus Medical was acquired by Laerdal Medical in 2002. Dr. Christensen co-founded Area9 Group in 2006, which has been at the forefront of adaptive and personalized learning. Area9 Education was sold to McGraw-Hill Education in 2014.

current job

Area9 Lyceum
Area9 Lyceum

organization founded

2

Ulrik Juul Christensen

Employee Profiles
8
Khurram Jamil

Khurram Jamil

President - Strategic Initiatives

Asger Alstrup Palm

Asger Alstrup Palm

CTO

Ulrik Juul Christensen

Ulrik Juul Christensen

Executive Chairman

Philip H Frederiksen

Philip H Frederiksen

CMO

Sheela Maini Søgaard

Sheela Maini Søgaard

CEO, BIG Architects

Vladimir Ufnarovskii

Vladimir Ufnarovskii

CTO

Nick J. Howe

Nick J. Howe

CLO

Activity

Recent News
0