An annual industry leading list recognizing the top growth companies in digital learning & workforce skills that are shaping the future of education.
Boston, MA (March 27, 2024) — Emeritus, the global leader in making high-quality education accessible and affordable to individuals, companies, and governments around the world has once again been named to the prestigious GSV 150: GSV’s annual list of the top 150 private companies transforming digital learning and workforce skills.
Emeritus was chosen from over 2,000 global companies after a rigorous assessment by GSV, using their proprietary rubric of revenue scale, revenue growth, user reach, geographic diversification, and margin profile. This recognition comes at a time when Emeritus is not just growing revenue by 30% year-over-year, the company also achieved profitability in FY24.
Collaborating with more than 80 top-tier universities across the United States, Europe, Latin America, Southeast Asia, India and China, Emeritus’ short courses, degree programs, boot camps, and senior executive programs help individuals learn new skills and transform their lives, companies and organizations. Its unique model of state-of-the-art technology, curriculum innovation, and hands-on instruction from senior faculty, mentors and coaches educates more than 100,000 students per year across 80 countries with an unparalleled 90% completion rate.
“Education has the power to transform lives, breakdown barriers, and amplify impact,” said Ashwin Damera, CEO. “At Emeritus we are building the workforce of the future and nurturing tomorrow’s leaders by making education accessible and affordable across the globe, in partnership, with world renowned universities. We’re honored to be recognized once again, by GSV for our innovation and impact.”
“The world is adapting to seismic shifts from generative AI,” says Luben Pampoulov, Partner at GSV Ventures. “AI co-pilots, AI tutors, AI content generators—AI is ubiquitous, and differentiation is increasingly critical. The GSV 150 is an impressive group of edtech companies that are leveraging AI and driving positive outcomes for learners and society.”
Workforce Learning companies comprise 34% of the list, K-12 29%, Higher Education 24%, Adult Consumer Learning 10%, and Early Childhood 3%. Additionally, 21% of the companies stretch across two or more “Pre-K to Gray” categories. A broader move towards profitability is also evident: the collective gross and EBITDA margin score of the 2024 cohort increased 5% compared to 2023.
GSV estimates that together, these 150 VC- and PE-backed companies are experiencing top-line growth, collectively reaching a staggering ~3 billion people — almost half of the global population — and generating ~$23 billion in revenue.
ABOUT Emeritus
Emeritus is a pioneer and global leader in the education industry, making high-quality education accessible and affordable to individuals, companies, and governments around the world. Founded in 2015, by Ashwin Damera & Chaitanya Kalipatnapu, Emeritus, part of the Eruditus Group is committed to teaching the skills of the future. It does this by collaborating with more than 70 top-tier universities across the United States, Europe, Latin America, Southeast Asia, India, and China. Emeritus’ short courses, degree programs, professional certificates, and senior executive programs help individuals learn new skills and transform their lives, companies and organizations. Its unique model of state-of-the-art technology, curriculum innovation, and hands-on instruction from senior faculty, mentors, and coaches has educated more than 250,000 individuals across 80 countries.
ABOUT GSV Ventures
GSV Ventures, a multi-stage venture capital firm focused on the $7+ trillion global education and workforce skills sector, manages and invests from GSV Ventures Fund III. GSV has invested $600M+ in innovators across “Pre-K to Gray” learning, including Class Technologies, ClassDojo, Coursera, Coursehero, Degreed, Guild, Lead School, PhysicsWallah, Photomath, and Valenture Institute.
ABOUT ASU+GSV
Through a deep partnership between Arizona State University (ASU) and Global Silicon Valley (GSV), ASU+GSV Summit has become the world’s most important and impactful annual gathering of 7,000+ “Pre-K to Gray” education leaders. Today, the ASU+GSV platform also includes the inaugural ASU+GSV AIR Show exploring the AI Revolution in EDU.
