Diligence memo · auto-generated · as of July 2, 2026
Learning Explorer, Inc.
Learning Explorer, Inc. looks under-valued against its niche peers and is at-risk on financing cadence.
Businessfiled
Learning Explorer, Inc. operates in Edtech, based in SANTA BARBARA.
No verified homepage on file yet — operating evidence is limited to the public record.
Capital & rounds (filed)filed
Learning Explorer, Inc. has raised $25M in disclosed capital across 3 recorded rounds, aggregated from public filings. Its latest round is modeled as Series B (a $15M–$40M round).
Largest single filing: $17M on 2022-01-01.
Most recent recorded round closed around 2023-12-29.
Valuation (modeled)modeled
Provath models Learning Explorer, Inc. at approximately $45M (range $15M–$90M). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: 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.
Financing rhythm & timingmixed
Historic cadence: a new round about every 8 months.
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.
The last round stepped up 26.8× from the prior — scaling.
Comparablesmixed
Capital scale ranks ahead of 90% of Edtech peers (262 compared).
Modeled value ranks above 75% of those peers.
Closest niche peers: WorkRamp, Inc., Swing Education, Inc., SchoolDay, Inc., FILO Edtech Inc., Amira Learning Inc.
Peoplefiled
9 named people on file across officers, directors and signatories.
Risks & flagsmixed
Overdue for a raise versus sector norm — distress or bridge risk.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.