The Vancouver-based company will triple its workforce to 525 employees by early 2021. More than 50,000 businesses globally use Thinkific to sell online courses, and the company experienced a 200 per cent increase in the number of courses created on its platform in just six months. (The Globe and Mail)
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The Vancouver-based company will triple its workforce to 525 employees by early 2021. More than 50,000 businesses globally use Thinkific to sell online courses, and the company experienced a 200 per cent increase in the number of courses created on its platform in just six months. (The Globe and Mail)
Talking point: The surge in demand for online learning as a result of the pandemic has turbocharged Thinkific’s growth—the company said it had a year-over-year revenue increase of nearly 150 per cent. Vancouver’s Rhino Ventures funded the raise after leading Thinkific’s three previous raises. Thinkific has raised $25 million to date. Although previous rounds gave it just $3.6 million in capital, the company has been profitable since 2018. ApplyBoard, another Canadian company in the edtech space, recently made headlines for achieving unicorn status.
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