What is Lumen Learning?
Since its inception in 2012, Lumen Learning has been dedicated to transforming teaching and learning within higher education. The company partners with colleges and universities to enhance educational innovation, with a strong emphasis on improving affordability, accessibility, and student success. Lumen's core offerings include Waymaker and OHM digital courseware, which leverage evidence-based learning design and data-driven content improvements, utilizing open educational resources (OER) to boost learning outcomes and student engagement. Additionally, Lumen Circles provide faculty with professional development opportunities, fostering skill advancement and improved teaching practices within supportive, peer-based virtual learning groups. Over 500 institutions across the U.S. currently utilize Lumen-supported digital courseware for various course delivery formats, including in-person, online, and blended learning environments. The materials developed by Lumen are published under Creative Commons Attribution licenses, contributing back to the broader educational community.
How much funding has Lumen Learning raised?
Lumen Learning has raised a total of $11.3M across 4 funding rounds:
Angel/Seed
$2.5M
Unspecified
$100K
Series A
$3.8M
Series C
$5M
Angel/Seed (2015): $2.5M with participation from Portland Seed Fund and Oregon Venture Fund
Unspecified (2015): $100K led by Cascade Angels
Series A (2017): $3.8M supported by Follett
Series C (2018): $5M featuring Follett
Key Investors in Lumen Learning
Follett
Follett, a long-standing entity in educational resources since 1873, focuses on providing books, digital content, and multi-media to libraries and schools. Their investment in Lumen Learning suggests a strategic interest in digital learning solutions and the future of educational content delivery.
Portland Seed Fund
Portland Seed Fund is an active early-stage venture fund concentrating on the Pacific Northwest, known for its investments in capital-efficient companies. Their participation indicates a belief in Lumen Learning's foundational potential and early-stage innovation.
Oregon Venture Fund
Oregon Venture Fund supports ambitious founding teams with innovative solutions, aiming to scale growth companies globally. Their backing of Lumen Learning highlights a commitment to fostering impactful educational technology ventures.
What's next for Lumen Learning?
With the recent injection of major strategic investment, Lumen Learning is poised for accelerated growth and enhanced product development. The company's focus on improving educational affordability and student success through OER-based digital courseware and faculty professional development positions it well within the evolving EdTech landscape. Future initiatives are likely to involve expanding its institutional reach, further refining its digital learning platforms, and potentially exploring new pedagogical approaches to support diverse learning needs. The sustained backing from key investors indicates confidence in Lumen's business model and its capacity to drive meaningful change in higher education.
See full Lumen Learning company page
