HotChalk was a Silicon Valley education technology company that partnered with universities to build, launch, and manage online degree programs (an OPM provider). It provided turnkey services across marketing, enrollment, retention, instructional design, and learning technology for professional and graduate degrees. The company was acquired by Noodle Partners in November 2020.
HotChalk has been acquired
This company is no longer available on our private secondary market.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2004
Employees
201–500
Total Funding
$245M
2 rounds
Total raised $245M across 2 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Last updated 06-25-2026
Latest Round
Type
Series D
Date
January 7, 2016
Amount
$230M
Valuation
—
Lead Investors
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| January 7, 2016 | Series D | $230M | — | Bertelsmann |
| Series A-C combined | $15M | — | NBC News |
Edward M. Fields
Founder
Rob Wrubel
CEO (final, pre-acquisition)
Competitor list is illustrative and may be incomplete, stale, or erroneous.
2U
Publicly traded OPM that partners with universities to launch online degree programs.
Wiley Education Services
OPM division of Wiley (formerly Learning House/Deltak) supporting online university programs.
Pearson Online Learning Services
OPM offering from Pearson supporting universities with online degree delivery.
Academic Partnerships
OPM focused on online degree programs for public regional universities.
Noodle Partners
OPM and online learning services provider that ultimately acquired HotChalk in 2020.
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