# Lumen Learning

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/lumen-learning

- Industry: Software
- Headquarters: Portland, US
- Website: www.lumenlearning.com
- Total disclosed funding: $6.3M
- Latest round: Series A (Apr 17, 2017)
- Investors on record: 4

## About

Lumen Learning, LLC provides innovative online educational resources designed to enhance student learning outcomes in higher education institutions across North America. The company emphasizes equitable access to quality educational materials.Founded in 2013 in Portland, US, Lumen Learning specializes in online educational solutions for higher education. The company has undergone strategic pivots to enhance its offerings but has remained focused on serving colleges and universities. Co-founded by David Wiley, Kim Thanos, and Toifur Andik, Lumen Learning has raised a total of USD 5.00 mn through 4 deals, with the most recent being a Series C funding round on December 19, 2018, led by Follett Corporation.Lumen Learning specializes in providing online educational materials and resources tailored for higher education institutions. Their core offerings include Lumen One, an integrated courseware solution designed to enhance equitable outcomes in foundational courses; Lumen Online Homework Manager (OHM), which features a collection of interactive assessment questions aimed at improving students' quantitative skills; and Lumen Waymaker, a personalized learning tool that promotes metacognition and supports faculty engagement through automated messaging. Additionally, Lumen Circles offer professional development experiences for educators, utilizing virtual learning communities to foster collaboration and enhance teaching effectiveness. Their products cater primarily to colleges and universities across North America, particularly targeting institutions seeking to adopt open educational resources (OER) and innovative teaching methodologies.Lumen Learning generates revenue through subscription-based models and partnerships with educational institutions. Clients typically engage in multi-year agreements that provide access to their suite of courseware solutions, with institutions paying fees based on the number of courses and students utilizing the resources. The transaction structure allows for scalable integration of Lumen's offerings within existing curricula, ensuring that educators can quickly implement and benefit from the tools provided. These arrangements enable institutions to enhance their course delivery while minimizing educational costs, positioning Lumen's products as essential components of modern higher education.Lumen Learning plans to utilize the USD 5.00 mn raised in Series C funding in December 2018 to bolster its product development and market expansion initiatives. The company is focused on designing new educational tools to further support equitable learning and enhance engagement. Additionally, Lumen Learning aims to expand its reach into international markets, targeting specific regions in Europe and Asia by 2024. This strategic approach will enable them to broaden their impact in higher education globally.

## Funding rounds

- Series A, Apr 17, 2017, $3.8M — Alliance of Angels, Portland Seed Fund, Follett Corporation
- Seed, Apr 2, 2015, $2.5M — Alliance of Angels, Portland Seed Fund, Oregan Angel Fund

## Investors

- Alliance of Angels (https://capitalatlas.ai/funds/alliance-of-angels) — Seed, Series A
- Portland Seed Fund (https://capitalatlas.ai/funds/portland-seed-fund) — Seed, Series A
- Oregan Angel Fund — Seed
- Follett Corporation — Series A