Outschool a San Francisco-based marketplace of live online classes has blogged that it has raised raised an additional $45 million in Series B funding in a round led by Lightspeed Ventures, with participation from Reach Capital, Union Square Ventures, SV Angel, FundersClub and Y Combinator.
The company said it will use the capital to improve and expand its products, create more ways to access them, increase its customer base, and expand internationally.
Amir Nathoo, co-founder and chief executive of Outschool, said: “Our mission is to inspire kids to love learning. We believe the best way to do that is by linking learning to kids’ interests, connecting them with others who share those interests, and giving them the autonomy to pick their own path. We make learning fun, social and self-directed. Our vision is to build a global education community that supplements local schooling.
“Throughout 2020, so many facets of our lives have changed, from the way we work, to the way we socialise, to the way we educate our children. This last area, of course, is of particular interest to me as CEO of Outschool.
“Over the course of six months, we’ve witnessed schools around the world rapidly switch to online learning, and we’ve seen parents everywhere learn about the challenges of navigating their children’s educations from home, often for the first time.”
Date published: 29 September 2020