When was Explorance founded?

Explorance was founded in 2003 and raised its 1st funding round 18 years after it was founded.

Where is Explorance located?

Explorance is headquartered in Montreal, Canada.

Who is the current CEO of Explorance?

Samer Saab of Explorance. They have also founded 1 company.

How many employees does Explorance have?

As of Aug 31, 2026, the latest employee count at Explorance is 246.

Is Explorance a funded company?

Explorance is a funded company, having raised a total of $***** in its 1st and only funding round, a Series B round on Nov 30, 2021.

When was the latest funding round of Explorance?

Explorance's latest funding was a $***** Series B round on Nov 30, 2021, with participation from 1 investor.

Where does Explorance rank among its competitors?

Explorance ranks 1st amongst 252 active competitors, of which 20 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was AskHumans, which secured an undisclosed amount in Jan, 2024.

Who are the top competitors of Explorance?

Explorance's top competitors include KPIsoft, PerformYard and StandOut. Among them, AskHumans secured the most recent funding round in January, 2024.

Explorance - 2026 Company Profile, Team, Funding & Competitors

Explorance is an acquired company based in Montreal (Canada), founded in 2003 by Samer Saab. It operates as a Learning assessment and feedback management platform for educational institutions and enterprises. Explorance has raised $19.6M in funding from Invest Quebec. The company has 252 active competitors, including 20 funded and 14 that have exited. Its top competitors include companies like KPIsoft, PerformYard and StandOut.

Company Details

Learning assessment and feedback management platform for educational institutions and enterprises. Its product Blue is an evaluation tool the measures needs, expectations, skills, knowledge, and competencies through course assessment, internal surveys, and other tools. Its other product Bluepulse is a live formative feedback platform that gauges student sentiment, understanding, and progress through ongoing formative feedback, detailed reports, and more. The applications are LTI compliant with Integration with SIS, LMS, HRMS, and more.

Website: www.explorance.com/
Social
Email ID: *****@explorance.com
Phone Number: +1 **********

Key Metrics

Founded Year

2003

Location

Montreal, Canada

Stage

Acquired

Total Funding

$19.6M in 1 round

Latest Funding Round

Series B, Nov 30, 2021, $*****

Investors

Invest Quebec & 1 more

Ranked

1^st among 252 active competitors

Employee Count

246 as on Aug 31, 2026

Investment & Acquisitions

Metrics That Matter & 1 more

Similar Companies

KPIsoft & 293 more

Exit Details

Acquired by Heriot-Watt University (Nov 13, 2024)

View Explorance's full profile

Explorance got acquired by Heriot-Watt University on Nov 13, 2024.

Click here to take a look at Explorance's acquisition in detail

Explorance has raised a total funding of $19.6M over 1 round. Its latest funding round was a Series B round on Nov 30, 2021 for $*****. 1 investor participated in its latest round. Explorance has 2 institutional investors.

Here is the list of recent funding rounds of Explorance:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Nov 30, 2021	8824903	Series B	4354147	7438890	3047800	6992998

Access funding benchmarks and valuations. Sign up today!

View details of Explorance's funding rounds and investors

The founders of Explorance is Samer Saab. Samer Saab is the CEO of Explorance.

Here are the details of Explorance's key team members:

Samer Saab: Founder & CEO of Explorance.

View details of Explorance's Founder profiles and Board Members

Explorance's employee count trend

Explorance has 246 employees as of Aug 26. Here is Explorance's employee count trend over the years:

Uncover Explorance's growth story! Sign up today!

Access Tracxn on any website

Our Google Chrome extension lets you view company details while browsing their websites

Install Tracxn Extension

Top competitors of Explorance include KPIsoft, PerformYard and StandOut. Here is the list of Top 10 competitors of Explorance, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Explorance 2003, Montreal (Canada), Acquired	Learning assessment and feedback management platform for educational institutions and enterprises	$19.6M	Espresso Capital, Invest Quebec	55/100
2nd	KPIsoft 2006, Chennai (India), Acqui-Hired	Performance management solution for business	-	Ntt Docomo Ventures, Eight Mercatus & 2 others	47/100
3rd	PerformYard 2013, Arlington (United States), Series A	AI-driven performance management software for streamlined reviews, goals, and feedback	$98M	Center for Innovative Technology, Updata & 3 others	43/100
4th	StandOut 2006, Beverly Hills (United States), Acquired	Strengths-based talent development solutions for individuals, teams, and organizations	$5M	SurveyMonkey	42/100
5th	Activated Insights 2017, Dallas (United States), Acquired	Provider of tools for senior-care businesses for feedback management	-	-	41/100
6th	Plecto 2012, Viby (Denmark), Seed	Performance management for teams	$2.34M	East Coast Capital, Fiftyfive Capital & 3 others	39/100
7th	Fizzback 2004, London (United Kingdom), Acquired	AI-based employee performance and voice of the customer solutions for the businesses	$7.4M	Advent Venture Partners, Mosaic Ventures & 2 others	38/100
8th	AskHumans 2023, Washington, DC (United States), Seed	Platform designed to help organizations by facilitating communication and feedback collection	$125K	LAUNCH Accelerator, Zeal Capital Partners	38/100
9th	ESM Software 2001, Boston (United States), Acquired	Cloud-based platform for employee performance management	-	-	37/100
10th	Udex Software 2017, Los Gatos (United States), Unfunded	Performance and feedback management platform for enterprises	-	-	36/100