edX

edX
edX
  • Headquarters

    Cambridge, MA
  • Founded

    2012
  • Employees

    201-500
  • Funding

    Acquired
  • Products

    1 product listed
  • Avg. AI Score

    7.3/10
  • Website

    edx.org/

Profile updated

Products
1
Avg AI Score
7.3/10
Founded
2012
Funding
$60M
About edX

edX was founded in 2012 by Harvard University and the Massachusetts Institute of Technology as a nonprofit online learning venture, headquartered in Cambridge, Massachusetts. The platform was created to host massive open online courses (MOOCs) from partner institutions, offering free and paid access to courses, professional certificates, and degree programs.

edX hosts content from universities including Harvard, MIT, and Berkeley, as well as corporate partners such as Google, Microsoft, and Amazon. Its offerings include MicroMasters programs, professional certificates, and full online degrees delivered in partnership with accredited institutions. The platform competes with Coursera and Udacity in the online education market.

In 2021, edX was acquired by 2U, Inc., a publicly traded online education company, for approximately $800 million, ending its run as a nonprofit organization. 2U later filed for Chapter 11 bankruptcy in 2024, after which the edX brand and related assets were acquired by Axim Collaborative, a nonprofit spun out of the original edX mission.

Specialties
Online CoursesMOOCsProfessional CertificatesOnline Degree ProgramsCorporate TrainingHigher Education Technology
Financials

Dated, source-cited figures. Estimates are marked.

Valuation
$800M
sec.gov
Revenue
$97.5M
Total Raised
$60M
news.harvard.edu
Revenue over time
$21.4M(Jun 30, 2014)$36.3M(Jun 30, 2015)$42.8M(Jun 30, 2016)$54.1M(Jun 30, 2017)$59.9M(Jun 30, 2018)$76.0M(Jun 30, 2019)$84.7M(Jun 30, 2020)$97.5M(Jun 30, 2021)
Products by edX

All products by edX reviewed by our AI panel of experts.

How Our Review Panel Scores edX

Six independent reviewer personalities assessed edX's product on their own terms. They landed within 0.7 points of each other, an unusually strong consensus.

The Domain Strategist
7.6
The Domain Practitioner
7.6
The Decision Maker
7.2
The Power User
7.2
The Skeptic
7.2
The Finance Lead
6.9

Averaged across 1 reviewed product in our catalog. Scores are out of 10.

Competitive Landscape

Who edX competes with, and how they differ.

Coursera logo
Coursera7.7/10

The other platform born out of the 2012 MOOC wave and edX's closest structural rival: the same catalogue of university-taught courses, professional certificates, stackable microcredentials and full online degrees. Coursera was venture-backed and for-profit from day one and listed on the NYSE in 2021, while edX ran as a Harvard/MIT nonprofit until 2U bought its assets that same year.

1 product reviewed on TopReviewed
Udacity logo
Udacity7.7/10

Came out of the same 2012 Stanford MOOC moment but walked away from university-accredited coursework in favour of industry-designed Nanodegree programs and enterprise upskilling contracts. It competes with edX for the career-switcher paying for a job outcome, not for the learner who wants credit toward an accredited degree.

1 product reviewed on TopReviewed
Udemy logo
Udemy7.8/10

An open marketplace where any instructor can publish a paid course, so its catalogue is far larger and cheaper than edX's but carries no university accreditation or credit pathway. Udemy monetises through one-off consumer course sales and the Udemy Business subscription rather than verified certificates and degrees.

1 product reviewed on TopReviewed
LinkedIn Learning logo
LinkedIn Learning7.6/10

Microsoft-owned subscription video library bundled into LinkedIn Premium, aimed at short professional-skills refreshers rather than the multi-week university courses edX sells. It issues no accredited certificates or degrees, but it reaches learners inside the network where they already publish their skills and job history.

1 product reviewed on TopReviewed
F
FutureLearn

The UK's university-partnered MOOC platform, launched by the Open University in 2013, and the closest non-US analogue to edX's model of accredited microcredentials and online degrees from partner institutions. It is far smaller than edX and its catalogue skews to UK and European universities.

Company Timeline

Key milestones in edX's history, with sources.

  1. Launch

    edX launches an app inside ChatGPT

    2U shipped an edX app in ChatGPT that lets a learner describe a goal in conversation and get matched to programs, compare them and filter by schedule or skills gap. It exposes edX's catalogue of more than 5,300 programs from over 250 university and industry partners to ChatGPT users.

    2u.com
  2. Milestone

    edX learner network passes 100 million people

    2U announced that the edX learner network had reached more than 100 million people worldwide.

    2u.com
  3. Milestone

    2U emerges from Chapter 11 as a privately held company

    2U completed its restructuring and exited bankruptcy owned by its former lenders and noteholders, including funds managed by Mudrick Capital Management, Greenvale Capital and Bayside Capital. It said at the time that edX connected more than 89 million people with programs from 260 university and enterprise partners.

    2u.com
  4. Milestone

    Parent company 2U files for Chapter 11 bankruptcy

    2U entered a prepackaged Chapter 11 with lenders and bondholders holding about 87% of its debt, cutting roughly $945 million of borrowings by more than half to about $459 million and adding about $110 million of new capital. Much of that debt had been taken on to fund the edX purchase; 2U said edX courses and university partnerships would continue without interruption.

    highereddive.com
  5. Milestone

    Harvard and MIT relaunch the former edX nonprofit as Axim Collaborative

    The legal entity that had been edX Inc. — renamed The Center for Reimagining Learning after the 2021 sale — was relaunched as Axim Collaborative, capitalised by the $800 million 2U paid, with Stephanie Khurana as chief executive. Axim stewards the Open edX platform and funds access-focused work with universities, community colleges and HBCUs.

    news.harvard.edu
  6. Acquisition

    2U completes the $800M edX acquisition

    The sale closed, moving the edX brand and marketplace out of the Harvard/MIT nonprofit and into 2U. Harvard and MIT kept the original nonprofit entity and the Open edX open source platform and took the $800 million in proceeds; 2U signed five-year mission covenants and committed to keep developing Open edX. The combined business claimed roughly 40 million learners and about 230 university and corporate partners.

    insidehighered.com
  7. Acquisition

    2U agrees to acquire edX's assets for $800M in cash

    2U, Inc. (Nasdaq: TWOU) signed a definitive agreement to buy substantially all of edX's assets, including the edX brand, website and marketplace, for $800 million in cash, funded with cash on hand including proceeds of a new $475 million senior secured Term Loan B. 2U disclosed that edX had reported nonprofit revenue of $84.7 million and a $17.4 million operating loss in the fiscal year ended June 30, 2020.

    sec.gov
  8. Milestone

    edX passes 110 million course enrollments

    edX reported more than 110 million cumulative course enrollments, up 29 million year over year, from 35 million registered learners across more than 160 partner institutions and over 3,000 courses. Pandemic-era demand produced 2.1 million verified certificates in 2020 alone.

    press.edx.org
  9. Launch

    edX launches 19 MicroMasters programs

    edX introduced MicroMasters, a stackable graduate-level credential from a partner university that can count for credit toward a full master's degree, starting with 19 programs; a further 16 were added in 2017.

    en.wikipedia.org
  10. Launch

    edX releases its learning platform as open source (Open edX)

    edX published its full stack under an open source license: the learning management system, the Studio course-authoring tool, the XBlock API for interactive learning components and its machine-grading APIs. Early outside code contributors included UC Berkeley, Stanford and the University of Queensland.

    news.mit.edu
  11. Founded

    Harvard and MIT launch edX with $60M in combined funding

    MIT and Harvard each committed $30 million to create edX, a not-for-profit online learning venture based in Cambridge, Massachusetts and owned and governed equally by the two universities. MIT CSAIL director Anant Agarwal was named edX's first president, with the first courses scheduled to start in fall 2012.

    news.harvard.edu

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