Companies · Edtech

Learning Explorer, Inc.

SANTA BARBARA · Edtech · refined from filed group “Other

Diligence memoA one-page analyst read on Learning Explorer, Inc. — recommendation, valuation, rhythm, risks.
$24.8M
Total raised · real
3
Rounds
26.8×
Latest step-up
Top 11%
Sector rank · raised
Series B
Latest stage · inferred · Fri Dec 29 2023 00:00:00 GMT+0000 (Coordinated Universal Time)

Learning Explorer, Inc. looks under-valued against its niche peers and is at-risk on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the edtech sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Under-valued
  • Modeled value is 0.29× the median modeled value of Series B Edtech companies in 2022–2024 (13 peers) — value vs value, same stage and era.
At-risk
  • Last raise 2.5 yr ago; this sector typically re-raises about every 15 months.
  • Past due for a raise versus sector cadence — watch for distress or a bridge.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Edtech

Learning Explorer, Inc. is one of 262 Edtech companies tracked from SANTA BARBARA. By capital raised it ranks among the largest (ahead of 90% of sector peers), and in the upper tier by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
2
Investors (latest)
2021
Year incorporated
2023-12-29
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$50M$100M$150M$200MSeries B · 2022-01-01 Raised $17M (real) Modeled valuation $193M (est)$17M$193MSeries B2022Series B · 2022-12-20 Raised $1.3M (real) Modeled valuation $12M (est)$1.3M$12MSeries B2022Pre-Seed · 2022-12-20 Raised $250K (real) Modeled valuation $1.9M (est)$250K$1.9MPre-Seed2022Series B · 2023-12-29 Raised $6.7M (real) Modeled valuation $45M (est)$6.7M$45MSeries B2023+$1.3M+$250K+$6.7MCumulative $25M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series B$16.8M · 2022
Series B extension$1.3M · 2022
Bridge · Series B-stage$250K · 2022smaller follow-on
Series B extension$6.7M · 2023

Stages are modeled from round size (public records carry no series label). No record for: Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 50%.

Modeled valuation trajectory
$45.4M
Base estimate est.
$15.4M
Conservative case
$89.5M
Upside case
$37.2M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the edtech sector profile. Directional, not a quoted figure.

Series B · modeled $193.0M · 2022-01-012022Series B · modeled $11.7M · 2022-12-20Pre-Seed · modeled $1.9M · 2022-12-20Series B · modeled $45.4M · 2023-12-292023
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
63%
Survival probability
41% low · 76% high
1.31×/yr
Annual markup
1.58×/yr upside case
2.5 yr
Elapsed time used
2.5 yr actual, capped for stale marks
edtech
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
8 mo
Avg between rounds
$12.4M/yr
Capital velocity
4.5 yr
On record since
2022
First round
4
Rounds on file
How it compares to the market

Benchmarked against 262 companies in Edtech. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 10× above median
This company$24.8M
Sector median$2.4M
Latest round — vs other Series B rounds in sector (real $, this stage) 0.3× of median
This company$6.7M
Sector median$20.0M
Modeled value — vs sector median (estimate, all stages) 2.3× above median
This company$45.4M
Sector median$19.9M

Raised more than 90% of sector peers (real $). Modeled value above 75% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Series B) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #11 of 13.

This companyCohort peer
$10.0M$100.0M$1.0B$10.0M$100.0MCapital raised (log)WorkRamp, Inc. · Series B Raised $57.5M · modeled $436.5M (est)Swing Education, Inc. · Series B Raised $39.3M · modeled $314.2M (est)SchoolDay, Inc. · Series B Raised $36.0M · modeled $232.8M (est)FILO Edtech Inc. · Series B Raised $20.2M · modeled $225.4M (est)Amira Learning Inc · Series B Raised $37.7M · modeled $214.7M (est)Learning Explorer Holdings, LLC · Series B Raised $16.8M · modeled $193.0M (est)Arist Holdings Inc. · Series B Raised $15.2M · modeled $156.1M (est)Aea Schools Llc · Series B Raised $40.0M · modeled $127.1M (est)Core Education Services PBC · Series B Raised $24.4M · modeled $124.2M (est)Interplay Learning, Inc. · Series B Raised $46.0M · modeled $112.9M (est)Regent Education, Inc · Series B Raised $32.3M · modeled $42.1M (est)Learning Explorer, Inc. (this company) Raised $24.8M · modeled $45.4M (est)Learning Explorer, Inc.
CompanyStageRaised · realValue · estvs peer med.
WorkRamp, Inc.Series B$57.5M$436.5M2.80×
Swing Education, Inc.Series B$39.3M$314.2M2.01×
SchoolDay, Inc.Series B$36.0M$232.8M1.49×
FILO Edtech Inc.Series B$20.2M$225.4M1.44×
Amira Learning IncSeries B$37.7M$214.7M1.38×
Learning Explorer Holdings, LLCSeries B$16.8M$193.0M1.24×
Arist Holdings Inc.Series B$15.2M$156.1M1.00×
Aea Schools LlcSeries B$40.0M$127.1M0.81×
Core Education Services PBCSeries B$24.4M$124.2M0.80×
Interplay Learning, Inc.Series B$46.0M$112.9M0.72×
Learning Explorer, Inc. this companySeries B$24.8M$45.4M0.29×
Regent Education, IncSeries B$32.3M$42.1M0.27×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series B$16.8M2022-01-01$93.1M$193.0M90%
Series B$1.3M2022-12-20$7.3M$11.7M90%
Pre-Seed$250K2022-12-20$1.4M$1.9M90%
Series B$6.7M2023-12-29$37.2M$45.4M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series B$16.8M2022-01-01
    • First recorded raise — entered as Series B.
    • 1 investor on this round.
  2. Series B$1.3M2022-12-20
    • Raised 12 mo later, in step with the ~15 mo sector norm.
    • Round 12.8× smaller than the prior — bridge or down round.
    • 12 investors on this round.
  3. Pre-Seed$250K2022-12-20
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 5.2× smaller than the prior — bridge or down round.
    • 1 investor on this round.
  4. Series B$6.7M2023-12-29
    • Raised 12 mo later, in step with the ~15 mo sector norm.
    • Round 26.8× larger than the prior — scaling up.
    • 2 investors on this round.
Intelligence
2024 ~Q3
Modeled next raise · ~8mo cadence
$20.1M
Modeled next size est.range $13.1M$32.2M
26.8×
Last step-up
$12.4M/yr
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
James Hurley2 other2022-12
James M. Hurley1 other2022-01
Mark Rankovic1 other2022-01
Jackson Hurley2022-12
Jackson M. Hurley2022-01
Kathy M. Winter2022-01
Kathy Winter2022-12
Tyler Hurley2022-12
Tyler M. Hurley2022-01
Registry & provenance

Learning Explorer, Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1897913
SEC CIK
2021
Incorporated
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Learning Explorer Holdings, LLCEdtechSeries B$16.8M$193.0Mnetwork1 shared operator · same sector · same stage
Maven Learning, Inc.EdtechSeries B$24.7M$277.4Msame sector · same stage
Core Education Services PBCEdtechSeries B$24.4M$124.2Msame sector · same stage
Singularity Education GroupEdtechSeries B$22.5M$386.7Msame sector · same stage
Sora Schools, Inc.EdtechSeries B$27.7M$6.2Msame sector · same stage
Coursemojo Inc.EdtechSeries B$21.3M$23.3Msame sector · same stage
FILO Edtech Inc.EdtechSeries B$20.2M$225.4Msame sector · same stage
Regent Education, IncEdtechSeries B$32.3M$42.1Msame sector · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Learning Explorer LLCEdtechPre-Seed$9.6M98%
Learning Explorer Holdings, LLCEdtechSeries B$193.0M94%
Galileo Learning, LlcEdtechPre-Seed$18.6M86%
Williamsburg Learning, Inc.EdtechPre-Seed$904K86%
Emmersion Learning, Inc.EdtechSeries A$62.7M86%
EnCompass Education Solutions, Inc.EdtechSeed$66.7M86%
Galileo Education, Inc.EdtechSeed$22.6M85%
Maven Learning, Inc.EdtechSeries B$277.4M85%
Frequently asked
How much funding has Learning Explorer, Inc. raised?
Learning Explorer, Inc. has raised approximately $24.8M in disclosed capital across 3 recorded financing rounds, aggregated from public filings.
What is Learning Explorer, Inc.'s estimated valuation?
Provath's modeled valuation for Learning Explorer, Inc. is approximately $45.4M (modeled range $15.4M–$89.5M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Learning Explorer, Inc. at?
Learning Explorer, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Fri Dec 29.
What does Learning Explorer, Inc. do and where is it based?
Learning Explorer, Inc. operates in the Edtech sector, based in SANTA BARBARA.
Explore related

See where Learning Explorer, Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

Is this your company?

If you work at Learning Explorer, Inc., claim this profile or suggest a correction. We aggregate from public filings, so help us keep your description, website and links accurate.

Is this your company? Update your profile or add contact details — and choose exactly who can reach you. Reviewed before anything is published.