When was Penn Foster founded?

Penn Foster was founded in 1890 and raised its 1st funding round 131 years after it was founded.

Where is Penn Foster located?

Penn Foster is headquartered in Scranton, United States. It is registered at Scranton, Pennsylvania.

How many employees does Penn Foster have?

As of Mar 01, 2026, the latest employee count at Penn Foster is 500 - 999.

Is Penn Foster a funded company?

Penn Foster is a funded company, having raised a total of $***** in its 1st and only funding round, a Unattributed round on Jan 21, 2021.

When was the latest funding round of Penn Foster?

Penn Foster's latest funding was a $***** Unattributed round on Jan 21, 2021, with participation from 5 investors. Its primary sector is Higher Education Tech. In United States, the Higher Education Tech sector has seen $148M in funding in 2026 to date.

Where does Penn Foster rank among its competitors?

Penn Foster ranks 1st amongst 326 active competitors, of which 9 are funded. It stands 4th in terms of total funding among its competitors. The most recent competitor to raise funding was Northcentral Technical College, which secured $1.22M in Sep, 2025.

Who are the top competitors of Penn Foster?

Penn Foster's top competitors include DeVry, Amity University and Beacon Education. Among them, Northcentral Technical College secured the most recent funding round in September, 2025.

Penn Foster - 2026 Company Profile, Team, Funding & Competitors

Company Details

Provider of online university offering courses for students. It offers degree programs including paralegal, business management, medical assistants, and more.

Website: www.pennfoster.edu/
Social
Email ID: *****@pennfoster.edu
Phone Number: +1 **********
Registered Address: Scranton, Pennsylvania

Key Metrics

Founded Year

1890

Location

Scranton, United States

Stage

Acquired

Latest Funding Round

Unattributed, Jan 21, 2021, $*****

Investors

BC Partners & 7 more

Ranked

1^st among 326 active competitors

Employee Count

500 - 999 as on Mar 01, 2026

Investment & Acquisitions

CareerExplorer & 1 more

Similar Companies

DeVry & 376 more

Exit Details

Acquired by Bain Capital (Apr 01, 2018)

View Penn Foster's full profile

Penn Foster is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
PENN FOSTER, INC. CIN: 330124636 , United States, Active	Dec 26, 999	-	866 (As on Dec 31, 2023)	-

Penn Foster got acquired by Bain Capital, Macquarie, PineBridge Investments and ZOMALAB on Apr 01, 2018.

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

Penn Foster has raised funding over 1 round. Its latest funding round was a Unattributed round on Jan 21, 2021 for $*****. 5 investors participated in its latest round. Penn Foster has 8 institutional investors.

Here is the list of recent funding rounds of Penn Foster:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 21, 2021	6160569	Unattributed	7348685	4453546	9834310	9110497

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View details of Penn Foster's funding rounds and investors

The founders of Penn Foster is Thomas J Foster.

Here are the details of Penn Foster's key team members:

Thomas J Foster: Founder of Penn Foster.

View details of Penn Foster's Founder profiles and Board Members

Penn Foster's employee count trend

Penn Foster has 500 - 999 employees as of Mar 26. Here is Penn Foster's employee count trend over the years:

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Top competitors of Penn Foster include DeVry, Amity University and Beacon Education. Here is the list of Top 10 competitors of Penn Foster, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Penn Foster 1890, Scranton (United States), Acquired	Provider of online university offering courses for students	-	BC Partners, Everberg Capital & 6 others	64/100
2nd	DeVry 2009, Downers Grove (United States), Funding Raised	Online university for undergraduate and graduate degree programs	-	Frontenac, Southgate & Culham & 1 others	60/100
3rd	Amity University 2005, Noida (India), Unfunded	Mobile-based university for higher education	-	-	55/100
4th	Beacon Education 2018, Beijing (China), Series B	Provider of online degree program for students	$18.5M	Redpoint China Ventures, Telescope Investment ... & 1 others	53/100
5th	Woolf 2018, Gibraltar (Gibraltar), Seed	Blockchain-based university	$7.56M	First Round Capital, Utopian & 7 others	49/100
6th	Capella University 1993, Minneapolis (United States), Seed	Online university for students	-	Hampstead Park Capital Management, Bonsal Capital ... & 2 others	47/100
7th	Northcentral Technical College 1912, United States, Funding Raised	Technical college providing education, workforce training, and community enrichment	-	US Department of Labor, ED & 1 others	47/100
8th	UNAD 1982, Bogota (Colombia), Funding Raised	Provider of fully online degree programs across diverse disciplines	-	Village Capital, Europa	46/100
9th	Nexford 2017, Washington, DC (United States), Series A	Online university offering degree program	$18.8M	Learn Capital, New Markets Venture Partners ... & 10 others	46/100
10th	UTEL University 1997, Naucalpan de Juarez (Mexico), Late Stage	Provider of online higher education programs	-	Linzor Capital	46/100