In its first expansion beyond its San Francisco headquarters, edtech company Quizlet has announced the opening of a new office right here in Downtown Denver.
Having experienced 100-percent year-over-year revenue growth and more than 50-percent year-over-year user growth, the company plans to double down on the development of its tech platform as well as its expansion into international markets.
Quizlet expects to add at least 20 to 25 strategic hires in the first year — with an initial focus on roles in engineering, product management and design — and will grow to several hundred Denver employees over the next few years.
“As a company headquartered in San Francisco, Quizlet was looking for a second office location that gives us access to incredible tech talent, has a supportive government and business community that embraces innovation, and is easily accessible from San Francisco so that our cross-functional teams can work together with ease,” said CEO Matt Glotzbach.
Founded in 2005, Quizlet provides a user-generated learning platform that helps students practice new skills with a suite of interactive digital studying tools, such as flash cards, spelling tests and collaborative learning games. According to the company, its platform is now used by two in three U.S. high school students and one in two U.S. college students. It’s also available in 19 languages and boasts users in every country in the world.
Our expansion into Denver, a city with incredible tech ingenuity, will help us more quickly build the next generation learning tools used by students everywhere.”
The Denver expansion announcement came alongside the news of another major milestone for Quizlet: reaching 50 million active monthly users.
“With more than 50 million students and educators now using our platform each month, people around the world are leveraging Quizlet as an invaluable tool to help practice and master any topic,” Glotzbach said in a statement. “We have a big vision at Quizlet to provide the most intelligent study tools in the world, and our expansion into Denver, a city with incredible tech ingenuity, will help us more quickly build the next generation learning tools used by students everywhere.”
As part of those next-gen tools, Quizlet plans to focus some of its efforts on building out its AI-powered platform, Quizlet Learn. The platform leverages machine learning to process data from millions of user sessions and develop adaptive study plans based on how people really learn.
Much of this year’s growth for Quizlet was fueled by a $20 million round of Series B funding, which was closed in February. The round was led by Icon Ventures with participation from Union Square Ventures, Owl Ventures, Costanoa Ventures and others. Quizlet has raised a total of $32 million to date.