# QuillBot

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/quillbot

- Industry: Software
- Headquarters: Chicago, US
- Website: www.quillbot.com
- Total disclosed funding: $4.3M
- Latest round: Seed (Apr 15, 2020)
- Investors on record: 3

## About

QuillBot, Inc. is an AI-powered writing assistance platform that helps users enhance their writing by improving clarity, coherence, and professionalism through various innovative tools.Founded in 2017 in Chicago, US, QuillBot, Inc. provides an AI-driven writing assistance service. The company has received funding from notable investors like GSV Ventures, Service Provider Capital, and Sierra Ventures. It was recently acquired by Course Hero, Inc. in August 2021, which aims to make educational tools more accessible. The company has raised a total of USD 4.27 mn through 2 funding deals with its latest funding round being a Seed round amounting to USD 4.27 mn.QuillBot's primary product offering is an AI-driven writing assistance platform that includes tools such as a paraphraser, grammar checker, plagiarism detector, and citation generator. These tools assist users like professionals, students, and educators in producing polished written content while addressing common writing challenges. The platform serves a diverse clientele across multiple markets, including North America, Europe, and Asia, enhancing effective communication and writing skills.QuillBot generates revenue through a subscription-based model, providing various pricing plans for individuals and teams. Users can access basic features for free or subscribe to premium plans that unlock advanced tools and functionalities. This model supports both direct-to-consumer sales and partnerships with educational institutions, establishing recurring revenue streams while catering to varied user needs.QuillBot plans to leverage recent funding to enhance its product offerings and expand into new markets. The acquisition by Course Hero, Inc. aims to accelerate the development of additional educational tools to make resources more affordable. As part of its growth strategy, QuillBot will focus on increasing accessibility and expanding its reach, particularly targeting the education sector for further development and outreach.

## Funding rounds

- Seed, Apr 15, 2020, $4.3M — Sierra Ventures, Service Provider Capital, GSV Ventures

## Investors

- Sierra Ventures (https://capitalatlas.ai/funds/sierra-ventures) — Seed
- Service Provider Capital (https://capitalatlas.ai/funds/service-provider-capital) — Seed
- GSV Ventures (https://capitalatlas.ai/funds/gsv-ventures) — Seed