Course Hero Raises $380M Series C Financing
Gunderson Dettmer represented client Course Hero, an online learning platform, in its $380 million Series C financing led by Wellington Management at a $3.6 billion valuation. The new capital will enable the company to acquire additional businesses operating in new verticals, subject areas, grade levels and countries.
In the announcement of the transaction, co-founder and CEO of Course Hero Andrew Grauer said, “The last two years we have seen a bigger shift in advancing pedagogy online and the way that we evaluate and assess student comprehension is evolving as a result. All of these changes require better, more affordable and effective resources, tools and services to meet the needs of today’s students and educators.”
The Gunderson deal team was led by partner Jared Grauer and included Jesse Birbach, Cameron Jahansouz, Amy Luong, Oh Sung Kwon, and Chase Beckstead.