Guaranteach
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Guaranteach - overview
Established
2008
Location
Minneapolis, MN, US
Primary Industry
Education/Training
About
Guaranteach is an educational technology company focused on providing online learning solutions that facilitate credit accumulation for non-traditional students through flexible courses and accessible educational resources. Founded in 2008, Guaranteach operates from Minneapolis, US, offering innovative online educational solutions tailored for adult learners. The company was acquired by Sophia Learning in May 2011, marking a strategic pivot in its operations to enhance educational offerings. The founder's history and previous ventures are not publicly documented.
Guaranteach provides a suite of low-cost online courses specifically designed for college credit accumulation, targeting non-traditional students. Its extensive catalog includes over 70 on-demand courses that promote self-paced learning, evaluated for college credit by the American Council on Education (ACE) and recognized by over 1,000 colleges and universities across the US, especially in states like California, Texas, and New York. Guaranteach utilizes a subscription-based revenue model, charging students a flat monthly fee of USD 99 for unlimited access to courses during their membership. This model allows learners to enroll in multiple courses simultaneously, providing an economical alternative to traditional educational institutions, with revenues generated primarily through these subscriptions.
Looking ahead, Guaranteach intends to expand its course offerings and enhance its platform to improve user experience. The recent acquisition by Sophia Learning in May 2011 has positioned the company to leverage additional resources for development. Guaranteach aims to target new markets, particularly focusing on expanding its reach in states such as Florida and Illinois by the end of 2023, utilizing the synergies from the acquisition to support these growth initiatives.
Current Investors
Innosight Ventures
Primary Industry
Education/Training
Sub Industries
Education & Training Website
Website
www.guaranteach.com
Company Stage
Acquired
Total Amount Raised
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