# Quipper

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

- Industry: Internet
- Headquarters: London, UK
- Website: www.quipper.com
- Total disclosed funding: $11M
- Latest round: Series A (Mar 6, 2014)
- Investors on record: 3

## About

Quipper is an educational technology company focused on providing an online learning platform that facilitates personalized education for various user groups, including students and educators.Quipper offers an online educational solution aimed at enhancing learning experiences. Founded by Masayuki Watanabe, the company is headquartered in London, UK. In July 2015, Quipper was acquired by Recruit Holdings for USD 39 mn, marking a significant strategic shift for the company. The current CEO is Fumihiro Yamaguchi, supported by Yuki Naotori. Quipper has successfully adapted its operations to meet the needs of diverse global markets, including Japan, Indonesia, and the Philippines.Quipper primarily delivers an online learning platform designed to facilitate personalized education for diverse user groups, including students, educators, and institutions. The company's core offerings focus on providing a comprehensive curriculum that encompasses various subjects, allowing users to access educational content that aligns with their individual learning needs. Quipper's services are structured to promote engagement through interactive learning modules, assessments, and progress tracking, effectively addressing the educational challenges posed by geographic and socio-economic barriers. Quipper operates in several key markets, including Japan, Indonesia, and the Philippines, fostering an inclusive learning environment that empowers users to pursue their educational aspirations.Quipper employs a subscription-based revenue model, generating USD 25.78 mn in revenue for the year 2020, with an EBITDA of USD -3.31 mn. Clients, which include individual learners and educational institutions, engage in direct transactions for access to services, facilitated by partnerships that enhance its market presence.The acquisition by Recruit Holdings in July 2015 for USD 39 mn is expected to support Quipper's strategy for future growth. The company aims to launch new products designed to enhance its educational platform, with a focus on expanding into additional markets in Southeast Asia by 2025. Funding from the recent acquisition will be utilized to further develop its technology and content offerings, ensuring alignment with the evolving educational landscape.

## Funding rounds

- Series A, Mar 6, 2014, $5.7M — Globis Capital Partners, Atomico, Benesse Corporation
- Series A, May 18, 2012, $4.5M — Globis Capital Partners, Atomico, Benesse Corporation
- Seed, Nov 25, 2011, $0.8M — Atomico

## Investors

- Atomico (https://capitalatlas.ai/funds/atomico) — Seed, Series A
- Globis Capital Partners (https://capitalatlas.ai/funds/globis-capital-partners) — Series A
- Benesse Corporation — Series A