Total amount raised
$240.2 Millions
Latest funding date
Location
Outschool has successfully raised significant funding through multiple rounds, with notable investors such as Lightspeed Venture Partners and Tiger Global Management. The platform offers a diverse range of live online classes for children, connecting learners, parents, and educators in a dynamic educational marketplace.
Keep reading to explore the intricacies of Outschool's fundraising journey and the investors backing this innovative platform.
What Is Outschool?
Outschool, founded in 2015 by Amir Nathoo, Mikhail Seregine, and Nick Grandy, is based in San Francisco, California. The platform offers a marketplace of live online classes for children, connecting learners, parents, and educators.
With a team of 101-250 employees, Outschool provides a diverse range of educational services. These include live video chat classes, self-paced classes, and personalized tutoring, catering to children aged 3 to 18.
Outschool's mission is to make learning engaging and accessible, offering classes in subjects like languages, math, coding, and music. The platform boasts a community of over 10,000 experienced teachers, ensuring high-quality education for all students.
How Much Funding Has Outschool Raised?
- Seed Round
- Amount Raised: $320K
- Date: March 2016
- Lead Investors: Y Combinator
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the platform and develop initial offerings.
- Seed Round
- Amount Raised: $1.4M
- Date: June 2017
- Lead Investors: Collaborative Fund, Sesame Workshop
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's reach and enhance its educational offerings.
- Series A
- Amount Raised: $8.5M
- Date: May 2019
- Lead Investors: Reach Capital, Union Square Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and improve the platform's technology.
- Series B
- Amount Raised: $45M
- Date: September 2020
- Lead Investors: Lightspeed Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support rapid growth and meet increased demand during the pandemic.
- Series C
- Amount Raised: $75M
- Date: April 2021
- Lead Investors: Coatue, Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue scaling and expanding the platform's offerings.
- Series D
- Amount Raised: $110M
- Date: October 2021
- Lead Investors: Bond, Tiger Global Management
- Valuation at Round: $3 billion
- Motivation Behind the Round: To fuel global expansion and develop new product offerings.
Total Amount Raised: Over $240 million. Current Valuation: $3 billion.
Key Investors
- Tiger Global Management
- Details: Tiger Global Management is a leading global investment firm that focuses on private and public companies in the technology, consumer, and industrial sectors. The firm has a strong track record of backing high-growth companies.
- Investment Focus Areas: Technology, software, consumer, financial technology.
- Notable Investments: Facebook, LinkedIn, Spotify.
- BOND
- Details: BOND is a venture capital firm that invests in technology-driven companies across various sectors. The firm is known for its strategic investments in innovative companies.
- Investment Focus Areas: Technology, innovation-driven companies.
- Notable Investments: Airbnb, DoorDash, Uber.
- Lightspeed Venture Partners
- Details: Lightspeed Venture Partners is a multi-stage venture capital firm focused on accelerating disruptive innovations and trends in the enterprise and consumer sectors.
- Investment Focus Areas: Enterprise, consumer, health.
- Notable Investments: Snapchat, Nest, GrubHub.
- Union Square Ventures
- Details: Union Square Ventures is a venture capital firm that invests in internet services, mobile, and web-based applications. The firm is known for its early-stage investments in transformative companies.
- Investment Focus Areas: Internet services, mobile, web-based applications.
- Notable Investments: Twitter, Etsy, Tumblr.
- Reach Capital
- Details: Reach Capital is a venture capital firm that focuses on investing in education technology and services. The firm aims to support companies that are transforming the education landscape.
- Investment Focus Areas: Education technology, services.
- Notable Investments: ClassDojo, Handshake, Springboard.
What's Next for Outschool?
Outschool stands at the cusp of a significant opportunity to expand its platform globally, enhancing the online learning experience with engaging and interactive content. With a $3 billion valuation and substantial funding, the company is well-positioned to support families in financial need and scale its offerings to new markets.
Future fundraising efforts could be on the horizon as Outschool continues to grow, potentially attracting more investment to fuel its ambitious plans. However, the company may face challenges such as maintaining the quality of its classes and competing with other e-learning platforms. Navigating these hurdles will be crucial for Outschool's sustained success.
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