Top 25 E-learning companies by revenue in 2022

by Nicolae Buldumac
· 26/10/2023 13:01 · 5-7 min read
Top 25 E-learning companies by revenue in 2022

In the digital age, education transcends the boundaries of traditional classrooms, and e-learning has emerged as the driving force reshaping how we acquire knowledge and skills. The past few years have witnessed an unprecedented acceleration in the adoption of online learning, driven by the global shift toward remote work, the pursuit of lifelong learning, and the demand for flexible, accessible education. Within this transformation, a select group of e-learning companies has distinguished itself as the leaders of this dynamic sector. 

Our journey explores the top 25 e-learning companies of 2022, revealing the champions of this ever-evolving industry. These companies have not only weathered the storm of the pandemic but have thrived in its wake, generating impressive revenue while continually innovating to meet the demands of learners and businesses worldwide. 

In this comprehensive guide, we'll delve into the world of e-learning, from traditional academic subjects to specialized training and upskilling for the modern workforce. We'll also explore the criteria that have propelled these companies to the pinnacle of e-learning excellence. 

These e-learning titans are diverse, hailing from various corners of the globe and offering a broad spectrum of courses, from digital marketing and coding to language learning and leadership development. They cater to the needs of individual learners, educational institutions, and corporate entities alike. This article celebrates the giants that have not only weathered the digital learning revolution but have thrived as the architects of our educational future. 

Join us on this expedition through the fascinating realm of e-learning, where education knows no boundaries, classrooms have no walls, and knowledge is truly power. These companies have harnessed the potential of the digital age to bring learning to your fingertips, revolutionizing the way we think about education and training in 2022. 


1. Harbinger Group 

Harbinger Group - YouTube

  • 2022 Revenue –5.2 billion USD 

  • Number of employees - 949 

  • Founding year - 1990 

  • Location: India 

Company description:Harbinger Group: Pioneering the Future of Work and Learning through Innovative Solutions

Harbinger stands as a global technology leader, reshaping the way people engage in work and education. With a history spanning three decades, we have remained at the forefront of transformation, partnering with organizations in HR, eLearning, Digital Publishing, Education, and High-Tech sectors.

Our unique approach merges profound user insights, business acumen, and technical mastery. We deliver comprehensive Product Development and Content services, fusing eLearning expertise with an unwavering commitment to ongoing education.

Our revolutionary products and frameworks such as Raptivity, Quillionz, Skimthru, and more, propel workforce evolution through inventive solutions. Join us in influencing the future of work, learning, and automation.


2. Aptara 

Digital Content Transformation Services for Businesses

  • 2022 Revenue –1.6 billion USD 

  • Number of employees - 4,760 

  • Founding year - 1988 

  • Location: United States 

Company description:Aptara: Pioneering Content Transformation in the Digital Era

Aptara is a frontrunner in content transformation, dedicated to unlocking the potential of digital and corporate learning audiences. Acknowledged by the world's top 10 publishers and Fortune 100 companies, we offer comprehensive content production services that facilitate the transition from print to digital. Our range of services encompasses content creation, design, new media enhancements, and formatting tailored for all mobile devices and platforms.

Aptara designs cutting-edge digital products that provide content in the way, timing, and location audiences prefer. This grants content providers newfound flexibility and revenue opportunities. Our versatile solutions span digital content development, corporate learning, custom content services, customer lifestyle management, healthcare RCM, IT services, and learning administration services.

With our headquarters located just outside Washington, D.C., and a global presence across four continents, our team of 6,000+ experts excels in digital media, content production, and pioneering innovations in publishing.


3. Skillsoft 

Employee Development: Online Training Solutions | Skillsoft

  • 2022 Revenue –0.58 billion USD 

  • Number of employees - 2,956 

  • Founding year - 1998 

  • Location: United States 

Company description:Skillsoft: Shaping the Future of Corporate Learning

Skillsoft (NYSE: SKIL) is a global leader in the realm of corporate digital learning, dedicated to preparing today's workforce for the challenges of an ever-evolving economy. Our comprehensive learning solutions empower organizations to bridge crucial skill gaps, facilitate tangible changes in behavior, and unlock the full potential of their workforce.

Our extensive library encompasses a wide range of topics, including leadership and business skills, technology and developer training, and compliance curricula. Skillsoft's premium content offerings, which include video, audio, books, bootcamps, live events, and practice labs, present learners with diverse and customizable pathways. Our award-winning AI-driven platform, Percipio, simplifies and enriches the learning experience, making it more accessible and impactful.

Join us on a transformative journey in the world of learning at

Skillsoft offers a rich array of cloud-based corporate learning content, comprising courses, videos, books, and more. These resources cover Leadership Development, Business Skills, Digital Transformation, Technology and Developer training, and Compliance. The intuitive design of Percipio engages modern learners, creating an environment that accelerates learning. Our SumTotal suite employs award-winning technology to deliver tangible results across the entire employee lifecycle, supporting talent acquisition, learning management, and talent management.

Skillsoft is a trusted partner to thousands of premier organizations worldwide, including numerous Fortune 500 companies.


4. edX 

edX Free Online Course New Logo PNG vector in SVG, PDF, AI, CDR format

  • 2022 Revenue –963.1 million USD 

  • Number of employees - 1,353 

  • Founding year - 2012 

  • Location: United States 

Company description:edX: Elevating Careers with Online Learning Opportunities

edX is your premier online learning platform, dedicated to empowering career growth and development. We offer a diverse array of courses and programs, catering to every budget, to equip individuals, teams, and organizations with the skills needed to excel in their respective industries.

Collaborating with renowned partners such as Harvard, MIT, Amazon, and Google, edX provides access to a wealth of knowledge and expertise. Our platform is your gateway to preparing for pivotal moments in your career and achieving your loftiest objectives.

Begin your learning journey today by visiting, where you can access invaluable career resources. Stay at the forefront of your field and reach new heights with the help of edX.


5. Udemy 

File:Udemy logo.svg - Wikipedia

  • 2022 Revenue –629 million USD 

  • Number of employees - 7,705 

  • Founding year - 2010 

  • Location: United States 

Company description:Udemy: Unleashing the Power of Learning Worldwide

Udemy is a global educational platform dedicated to transforming lives through accessible and impactful learning experiences. Our dynamic marketplace opens doors to a world of opportunities for learners, instructors, and enterprises, offering the tools and resources necessary to unlock human potential.

At Udemy, we are driven by a passion for problem-solving and a commitment to fostering collaboration. We wholeheartedly believe in the profound impact of education in shaping destinies. Our vibrant culture embraces inclusivity, innovation, and teamwork, creating an environment where creativity and passion thrive. We celebrate every achievement and offer unwavering support, day in and day out.

Join us on our journey to harness the transformative power of learning and make a positive change in the world.


6. Coursera 

File:Coursera logo (2020).svg - Wikipedia

  • 2022 Revenue –523.8 million USD 

  • Number of employees - 4,374 

  • Founding year - 2012 

  • Location: United States 

Company description:Coursera: Bridging the Educational Gap with World-Class Learning

Founded in 2012 by Stanford Computer Science professors Andrew Ng and Daphne Koller, Coursera embarked on a mission to democratize access to high-quality education. Over the years, it has evolved into one of the world's largest e-learning platforms, with an impressive 124 million registered learners as of March 31, 2023.

Coursera collaborates with over 300 prestigious universities and industry leaders, offering a vast catalog of courses, Specializations, Professional Certificates, Guided Projects, as well as bachelor’s and master’s degree programs. Institutions worldwide rely on Coursera to enhance the skills and knowledge of their workforce and students, with a particular emphasis on fields like data science, technology, and business.

Notably, Coursera's commitment to social good is underscored by its status as a Delaware public benefit corporation and its certification as a B Corp in February 2021. This reflects the platform's dedication to making education accessible and impactful on a global scale.


7. Pluralsight 

AWS Marketplace: Pluralsight

  • 2023 Revenue –391.9 million USD 

  • Number of employees - 2,379 

  • Founding year - 2004 

  • Location: United States 

Company description:Pluralsight: Empowering Tech Professionals for Excellence

Pluralsight is committed to elevating the global technology workforce by providing essential skills and knowledge to tech teams worldwide. With a focus on equipping individuals and teams for success, Pluralsight invites you to embark on a journey of continuous improvement and excellence.


8. Babbel 

File:Babbel logo.svg - Wikipedia

  • 2022 Revenue –270 million USD 

  • Number of employees - 1,261 

  • Founding year - 2007 

  • Location: Germany 

Company description: Babbel: Building Global Connections through Language

Babbel's mission is to foster global connections through language learning. With a comprehensive ecosystem comprising Babbel, Babbel Live, and Babbel for Business, we aim to empower users with practical language skills that facilitate real-life communication.

Our platform offers over 60,000 lessons in 14 languages, curated by a team of 180+ linguists, providing a dynamic and evolving learning experience driven by user behavior insights. The effectiveness of Babbel has been verified through studies conducted in collaboration with esteemed institutions like Yale University and Michigan State University.

Our diverse team of over 1,000 members, representing more than 75 nationalities, reflects the richness of human diversity. With dual headquarters in Berlin and New York, and over 10 million subscriptions sold, Babbel has established itself as a highly successful language learning app with a global reach.



9. Docebo 

File:Docebo logo 2010.svg - Wikipedia

  • 2022 Revenue –142.9 million USD 

  • Number of employees - 896 

  • Founding year - 2005 

  • Location: Canada 

Company description: Docebo: Revolutionizing Enterprise Learning for Effective Training and Learning Culture

Docebo is at the forefront of transforming enterprise learning through innovative technology. The platform offers solutions for content creation, training delivery, and learning impact assessment. This comprehensive learning suite empowers global enterprises to tackle various training challenges and cultivate a culture of successful learning within their organizations.



10. Udacity 

File:Udacity logo.svg - Wikipedia

  • 2022 Revenue –100 million USD 

  • Number of employees - 3,567 

  • Founding year - 2011 

  • Location: United States 

Company description: Udacity: Addressing Global Talent Gaps for Enhanced Growth and Innovation

Udacity, with over a decade of experience in nurturing digital talent, provides holistic solutions to combat the global talent shortages that hinder growth and innovation. Their curriculum, personalized mentorship, and tangible outcomes help individuals develop expertise in high-demand skills, ensuring immediate relevance in the workplace.


11. ExecOnline 

Thinkers50 Partners | Awards Gala 2023 - Thinkers50

  • 2022 Revenue –50 million USD 

  • Number of employees - 297 

  • Founding year - 2012 

  • Location: United States 

Company description:ExecOnline: Forging the Future of B2B Leadership Development

ExecOnline, a pioneer and leader in the B2B online leadership development sector, has guided more than 60,000 global leaders and organizations through career-advancing programs since 2012. Their collaborations with prestigious business schools like UC Berkeley Executive Education, Stanford GSB, and Yale are contributing to the cultivation of a diverse pool of future-ready leaders.

The company has garnered recognition, including a place on the Global Silicon Valley EdTech 150 list and Forbes' "Technology Company to Watch." In 2021, ExecOnline played a leading role in establishing the Development Equity Council (DEC), a coalition of progressive organizations working to increase diversity in leadership by providing equitable access to development opportunities.

With a dedicated team guided by core values, ExecOnline is on a mission to connect leaders with their untapped potential.



12. Khan Academy 

File:Khan Academy logo (2018).svg - Wikipedia

  • 2022 Revenue –44.8 million USD 

  • Number of employees - 1,276 

  • Founding year - 2006 

  • Location: United States 

Company description:Khan Academy: Bridging Educational Gaps for All

Established in 2006 by educator Salman Khan, Khan Academy is a non-profit organization committed to providing a "world-class education for anyone, anywhere," completely free of charge. With a vast array of online resources covering a wide spectrum of subjects, Khan Academy's primary objective is to democratize learning. Their mission is clear: to make education available to everyone, enabling individuals from diverse locations and backgrounds to acquire the knowledge and skills necessary for success in their educational pursuits. Join Khan Academy in their quest to create a brighter and more inclusive future for education.


13. eLearning Brothers 

eLearning Brothers Rebrands As ELB Learning - eLearning Industry

  • 2022 Revenue –40 million USD 

  • Number of employees - 326 

  • Founding year - 2009 

  • Location: United States 

Company description:ELB Learning: A Comprehensive Learning Solution Provider

ELB Learning, a learning solutions company, is your partner in enhancing training programs for maximum effectiveness. Their suite of products and services is designed to address a variety of training challenges.

Their extensive offerings encompass tools for creating engaging learning games, immersive virtual reality training, impactful eLearning courses, and video-based practice. They also provide a Learning Experience Platform (LXP) and Learning Management System (LMS). Beyond technology, ELB Learning offers strategic support, custom learning development, and staff augmentation solutions.

Key Offerings:

  1. Lectora Authoring Tool: Craft interactive online learning experiences.
  2. CenarioVR VR Course Builder: Explore virtual reality training.
  3. AssetLibrary: Access a wide array of games, interactions, layouts, scenarios, characters, and more.
  4. Custom eLearning: Create visually immersive eLearning experiences.
  5. Microlearning: Choose from their library of off-the-shelf courses covering various topics.
  6. Rockstar Learning Platform: A learning delivery solution for easy management and delivery of learning programs.

ELB Learning has a proven track record, having developed award-winning eLearning templates and courses for Fortune 500 companies, earning recognition from the esteemed Brandon Hall Group. If you're looking to elevate your training initiatives, ELB Learning could be your catalyst for creating effective, engaging, and cost-efficient online training programs.


14. Learning Pool 

Learning Pool - Tech Stack, Apps, Patents & Trademarks

  • 2022 Revenue –38.9 million USD 

  • Number of employees - 412 

  • Founding year - 2006 

  • Location: United Kingdom 

Company description:Learning Pool: A Global Learning Solution Provider

Learning Pool is dedicated to revolutionizing learning across the world with their expert solutions. Their team is committed to creating cutting-edge content and technology, impacting over 26 million learners in 30 countries, spanning both public and private sectors.

Key Offerings:

  1. Learning Platform: Their next-gen Learning Platform.
  2. Learning Record Store (LRS): A top-rated LRS.
  3. Agile Content Development Tools: Tools to facilitate agile content creation.
  4. 600+ Off-the-Shelf E-learning Modules: A wide variety of ready-made e-learning modules.

With a remarkable 98% customer recommendation rate, Learning Pool stands out by seamlessly blending innovation with outstanding customer service. If you're interested in shaping the future of learning and achieving remarkable outcomes, Learning Pool may be your partner of choice.


15. CrossKnowledge 

Partner - Cross Knowledge

  • 2022 Revenue –34.3 million USD 

  • Number of employees - 248 

  • Founding year - 2000 

  • Location: France 

Company description: CrossKnowledge: Enabling Learning for a Transformed Future

CrossKnowledge, proudly a Wiley brand, is in the business of helping individuals reach their full potential and embrace a future filled with confidence. Their distinctive digital learning experiences are designed to foster engagement and success for organizations around the globe.

With Wiley, a pioneer with more than 215 years of history in research and education, CrossKnowledge shares a common mission of advancing knowledge sharing to drive transformative change. They're dedicated to unlocking human potential through cutting-edge content, platforms, and services that propel researchers, learners, institutions, and corporations toward their goals.

If you're on the lookout for innovative learning solutions that could shape the future, consider exploring what CrossKnowledge and Wiley have to offer.


16. Articulate 

Articulate Global Inc Logo Vector Download - (.SVG + .PNG) -  Logovectordl.Com

  • 2022 Revenue –29.4 million USD 

  • Number of employees - 454 

  • Founding year - 2002 

  • Location: United States 

Company description: Articulate: A Game-Changer in the World of E-Learning

Articulate is taking the lead in the realm of e-learning software and resources, reshaping the landscape of global education. With a staggering reach, over 120,000 organizations, including every Fortune 100 company, have harnessed the immense potential of Articulate 360, their comprehensive online training platform. At the core of Articulate 360 is the acclaimed authoring app, Storyline 360, providing e-learning developers with a rich toolbox for learning management systems. For those intrigued by what Articulate 360 has to offer, more details can be found at

Adding to their allure is the E-Learning Heroes community, the industry's largest gathering spot, connecting online training professionals with inspiration, guidance, product support, and best practices in online training. The community boasts over 1 million members, and you can join the ranks at

At Articulate, their vision is distinctly human-centered, emphasizing empowerment for individuals to enhance their lives. With a keen focus on customer value and employee well-being, they're positioned to make an impact in the e-learning arena.


17. Codecademy 

Codecademy Logo Vector - (.SVG + .PNG) - GetLogoVector.Com

  • 2022 Revenue –29.3 million USD 

  • Number of employees - 507 

  • Founding year - 2011 

  • Location: United States 

Company description:Codecademy: Pioneering the Way We Learn to Code

With ten years of experience and an impressive community of over 50 million learners, Codecademy has made its mark as a transformative force in coding education. Nestled in the heart of New York City but supported by a nationwide remote workforce, their team is a dynamic blend of tech and education enthusiasts who share a dedication to broadening technology's horizons. Even more exciting, they are now a part of Skillsoft, where they continue their noble quest of making technology education accessible to anyone willing to learn.

What truly sets them apart are their values. Codecademy places diversity, transparency, feedback, teamwork, adaptability, and people at the core of their operations. These principles are at the heart of everything they undertake. So if you're eager to be a part of a revolution in how the world learns to code, Codecademy could be the perfect place for you.



18. Quizizz 

Quizizz Logo Vector - (.SVG + .PNG) - GetLogoVector.Com

  • 2022 Revenue –27 million USD 

  • Number of employees - 268 

  • Founding year - 2015 

  • Location: United States 

Company description: Quizizz: Revolutionizing Education Through Engaging Practices

Quizizz stands as a prominent global educational technology platform, successfully connecting with over 75 million monthly active users spanning 120 countries. Their primary mission centers on empowering educators worldwide, fostering engaging and highly motivating learning experiences for students. Notably, Quizizz has managed to achieve remarkable organic growth, thriving without resorting to significant advertising expenses. What started as an innovative approach to assessment gamification has evolved into a substantial platform with 75 million monthly active users, generating 2 billion monthly responses as of 2022. The platform has been widely embraced, with usage extending to over 100 countries and garnering adoption by a notable 80% of U.S. schools, reshaping the landscape of education by making it more engaging and interactive.


19. Skillshare 

30% Off Skillshare Discount Code | October 2023 | LAT

  • 2022 Revenue –14 million USD 

  • Number of employees - 674 

  • Founding year - 2010 

  • Location: United States 

Company description:Skillshare: Unleash Your Creativity Through Online Learning

Skillshare, the dynamic online learning community, presents a diverse array of inspiring classes thoughtfully designed to cater to creative and curious individuals. With topics spanning from illustration and design to photography, video production, and freelancing, Skillshare serves as an enriching platform for those seeking personal and professional growth. It unites millions of like-minded members in a collective quest for knowledge and skills enhancement.

In addition to catering to individual learners, Skillshare also offers comprehensive learning solutions tailored for organizations.

Skillshare's approach extends beyond online learning; it encapsulates a unique culture. At its core, Skillshare is committed to making a positive impact, not only in the lives of its members but also among its team. This ethos drives the company's efforts to establish a workplace that places a premium on modern flexibility, inclusivity, and transparency, ensuring a rewarding work-life balance for all its employees. If you're ready to unlock your potential, Skillshare invites you to join its community and embark on a journey of creativity and learning.


20. Newsela 

Newsela Logo - MassCUE

  • 2022 Revenue –10 million USD 

  • Number of employees - 559 

  • Founding year - 2013 

  • Location: United States 

Company description:Newsela: Transforming Education with Engaging Classroom Content

Newsela, an innovative education technology startup, is on a mission to reshape classroom learning. The platform it offers is a source of captivating, relevant instructional content that both inspires and educates students. As a trusted resource for nearly two million teachers spanning more than 150 countries, Newsela plays a pivotal role in enhancing reading skills across the nation.

Newsela's commitment to its mission goes beyond its technology; it extends to the team it seeks to build. Newsela values enthusiastic, innovative individuals who couple quick thinking with compassion. If you're dedicated to providing all students with a rich, personalized education, Newsela encourages you to explore opportunities to join their team and contribute to their transformative vision for education.


21. Bizlibrary 

BizLibrary Announces Game-changing Features During Client Conference

  • 2022 Revenue –8.3 million USD 

  • Number of employees - 145 

  • Founding year - 1996 

  • Location: United States 

Company description:BizLibrary: Enabling Growth Through Online Learning

BizLibrary, a distinguished online learning solutions provider, offers organizations the tools to cultivate growth. The company's highly regarded microlearning video library engages employees across all levels, while its innovative learning platform drives success. With the valuable support of expert teams in Client Success and Technical Support, BizLibrary clients are well-equipped to tackle business challenges and facilitate meaningful transformations within their organizations. Discover how BizLibrary can help unlock your organization's potential.


22. GoGuardian 

File:GoGuardianLogo.png - Wikipedia

  • 2022 Revenue –7.9 million USD 

  • Number of employees - 607 

  • Founding year - 2014 

  • Location: United States 

Company description: Unlocking Learning Potential with GoGuardian: Ensuring Safety in Digital Classrooms

GoGuardian is a trusted partner to thousands of K-12 schools, dedicated to enhancing each student's learning experience in secure and productive digital settings. Their technology empowers educators to ignite curiosity, nurture student well-being, and protect them from harmful online content or distractions. To date, their cutting-edge device management platform has provided safe internet access to over 7 million students. It's worth noting that GoGuardian has earned its reputation as the fastest-growing education company in the U.S.*

Apart from their commitment to educational software, the GoGuardian team also values leisure time, enjoying activities like surfing, soccer, and savoring a well-brewed pour-over coffee. If you're interested in contributing to their mission, they're actively seeking new talent to join their team.


23. Springboard 

Springboard Logo | Vector logo, Upscale logo, ? logo

  • 2022 Revenue –2.4 million USD 

  • Number of employees - 2,598 

  • Founding year - 2013 

  • Location: United States 

Company description:Springboard: Your Partner in Lifelong Learning in the Modern Economy

In today's ever-evolving economy, education has transitioned from a one-time event to an ongoing journey. Springboard is committed to equipping its students with an education that is finely tuned to thrive in this dynamic landscape.

Recognizing that each learner is unique, Springboard's approach is highly personalized, accommodating individual life paces. With dedicated mentors and advisors at your side, they offer the guidance necessary for your success. Their educational philosophy revolves around tangible, real-world readiness, achieved through hands-on projects led by industry experts.

Learning is undoubtedly a challenging endeavor, but at Springboard, your triumph is their top priority. They invite you to join their lively community of students, mentors, and alumni as you embark on your educational journey with them.


24. Doubtnut 

File:Doubtnut new logo.png - Wikipedia

  • 2022 Revenue –1.5 million USD 

  • Number of employees - 1,186 

  • Founding year - 2016 

  • Location: India 

Company description:Doubtnut: Transforming Education Through Technology

Doubtnut is a pioneer in the realm of education accessibility, driven by innovative technology. Their app empowers students to demystify mathematical queries simply by capturing a photo of the problem. What sets them apart is their team of subject experts who craft video solutions, akin to Khan Academy, which effectively bridge the comprehension gap often left by conventional text answers.

Doubtnut believes that video solutions not only offer clarity but also convey problem-solving strategies, ultimately enhancing understanding. They address the challenges posed by limitations in teacher-to-student ratios and teacher availability by reusing content for similar questions, making doubt resolution a more efficient process.

Furthermore, Doubtnut is actively developing image recognition and Natural Language Processing (NLP) technologies to automate responses, paving the way for more comprehensive educational accessibility. Their commitment to leveraging technology for educational advancement is palpable.


25. Speak 

Speak - The speaking app that actually talks

  • 2022 Revenue –84.8 K USD 

  • Number of employees - 94 

  • Founding year - 2016 

  • Location: United States 

Company description: Speak: Revolutionizing English Learning with AI

Speak is at the forefront of a revolution in English language practice, powered by their AI English tutor. Their mission is to shape the future of English learning for a vast number of learners. Here are some key highlights about Speak:

  • They are the world's fastest-growing English language company.
  • Speak has received recognition as Apple's "App of The Day" and "Best New App."
  • Millions of individuals have successfully mastered English through their platform.
  • Backed by esteemed investors such as Y Combinator, Open AI, Founders Fund, Khosla Ventures, Matrix Partners, and more.

Speak has pioneered some of the most advanced conversational Speech Recognition systems globally, resulting in an unparalleled language learning experience that rivals, and in many cases surpasses, human tutors. Their AI expertise combined with their consumer-oriented product approach is driving a significant transformation in English language learning on a global scale.


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