Total amount raised
$10.2 Millions
Latest funding date
August, 2016
Location
Khan Academy has successfully raised funds through multiple rounds, including a Series A round closed on January 1, 2022. The platform is dedicated to offering free, world-class education to anyone, anywhere.
Keep reading to explore the intricacies of Khan Academy's fundraising journey and the investors backing this innovative educational platform.
What Is Khan Academy?
Khan Academy, founded in 2006 by Sal Khan and Caroline Hu Flexer, is a nonprofit organization headquartered in Port Washington, New York. The platform aims to provide a free, world-class education for anyone, anywhere.
With a mastery-based learning system, Khan Academy allows students to master key concepts at their own pace. The platform offers thousands of interactive exercises, videos, and articles covering a range of K–12 subjects.
Employing between 101-250 people, Khan Academy serves over 18 million learners monthly in 190 countries and more than 40 languages. The platform is free for students and teachers, relying on donations and earned revenue.
How Much Funding Has Khan Academy Raised?
- Series A
- Amount Raised: $10K
- Date: January 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the expansion of their educational offerings and technological infrastructure.
- Grant
- Amount Raised: $3M
- Date: July 2020
- Lead Investors: Amgen Foundation
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance science education resources and support remote learning during the COVID-19 pandemic.
- Grant
- Amount Raised: $3M
- Date: October 2017
- Lead Investors: Amgen Foundation
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop new science content and expand their reach to underserved communities.
- Grant
- Amount Raised: $3M
- Date: August 2016
- Lead Investors: Omidyar Network
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale their platform and improve user experience through technological advancements.
- Grant
- Amount Raised: $2.2M
- Date: May 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their educational content and reach more students globally.
- Grant
- Amount Raised: $5M
- Date: November 2011
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the initial development and launch of their educational platform.
Total Amount Raised: $16.21M. Current Valuation: Not publicly disclosed.
Key Investors
- Amgen Foundation
- Details: The Amgen Foundation is the philanthropic arm of the biotechnology company Amgen. It focuses on advancing excellence in science education and inspiring the next generation of innovators.
- Investment Focus Areas: Education, Science, Technology
- Notable Investments: Khan Academy, LabXchange, Amgen Scholars Program
- Omidyar Network
- Details: Omidyar Network is a philanthropic investment firm established by eBay founder Pierre Omidyar. It aims to create opportunities for people to improve their lives and make powerful contributions to their communities.
- Investment Focus Areas: Education, Financial Inclusion, Digital Identity, Governance & Citizen Engagement
- Notable Investments: Khan Academy, Andela, Teach For All
What's Next for Khan Academy?
As Khan Academy looks to the future, the opportunities for growth are immense. With the increasing demand for online education, the platform is well-positioned to expand its reach globally. The potential to integrate advanced technologies like AI and machine learning could revolutionize personalized learning experiences, making education more accessible and effective for millions of students.
Future fundraising efforts will likely focus on scaling these technological advancements and expanding their content library. However, challenges such as maintaining the quality of education and ensuring equitable access across diverse regions may arise. Navigating these hurdles will be crucial for Khan Academy to sustain its mission of providing free, world-class education to anyone, anywhere.
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