Total amount raised
$13.5 Millions
Latest funding date
4/1/2018
Location
Teachable has successfully raised funds through a Series A round, with its last funding round closing on April 16, 2018. The company has attracted a total of 16 investors, including notable names like Naval Ravikant and Employee Stock Option Fund.
Keep reading to explore the intricacies of Teachable's fundraising journey and the investors backing this innovative platform.
What Is Teachable?
Teachable, founded on October 3, 2013, is a platform that empowers creators to build and sell online courses. Based in New York, New York, the company offers tools for creating multimedia content, coaching services, digital downloads, memberships, and community features.
The company was founded by Ankur Nagpal and Conrad Wadowski. Teachable's user-friendly and customizable platform supports sales, marketing, payment processing, and analytics, making it easier for creators to monetize their knowledge.
With a team of 51-100 employees, Teachable continues to innovate in the online education space, providing a comprehensive suite of tools to help creators scale their businesses and deliver high-quality learning experiences.
How Much Funding Has Teachable Raised?
- Amount Raised: $1M
- Date: August 2014
- Lead Investors: Winklevoss Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial platform and attract early users.
- Amount Raised: $2M
- Date: February 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and enhance platform features.
- Amount Raised: $2.5M
- Date: May 2016
- Lead Investors: Accomplice
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and increase marketing efforts.
- Amount Raised: $4M
- Date: January 2017
- Lead Investors: Accomplice, Learn Capital, Naval Ravikant
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and expand into new markets.
- Amount Raised: $4M
- Date: April 2018
- Lead Investors: Accomplice, Naval Ravikant
- Valuation at Round: $134M
- Motivation Behind the Round: To build a sustainable business model and achieve profitability.
Total Amount Raised: $13.5M. Current Valuation: $134M.
Key Investors
- Naval Ravikant
- Details: Naval Ravikant is the co-founder of AngelList, a platform that connects startups with investors. He is a well-known angel investor and entrepreneur.
- Investment Focus Areas: Technology startups, early-stage companies.
- Notable Investments: Twitter, Uber, Yammer.
- Accomplice
- Details: Accomplice is a venture capital firm that invests in early-stage technology companies. They have a strong presence in the tech startup ecosystem.
- Investment Focus Areas: Early-stage technology companies.
- Notable Investments: AngelList, Carbon Black, DraftKings.
- Learn Capital
- Details: Learn Capital is a venture capital firm focused on investing in education technology companies. They aim to support innovative solutions in the education sector.
- Investment Focus Areas: Education technology, online learning, educational content.
- Notable Investments: Coursera, Udemy, AltSchool.
- Winklevoss Capital
- Details: Winklevoss Capital is a venture capital firm founded by Cameron and Tyler Winklevoss. They focus on investing in disruptive technologies and financial services.
- Investment Focus Areas: Technology, financial services, blockchain.
- Notable Investments: Bitcoin, BlockFi, Gemini.
- Employee Stock Option Fund
- Details: The Employee Stock Option Fund provides liquidity to employees of private companies by purchasing their stock options. They help employees realize the value of their equity.
- Investment Focus Areas: Private company stock options, employee liquidity.
- Notable Investments: Not publicly disclosed.
What's Next for Teachable?
Teachable stands at the cusp of significant growth opportunities, driven by the increasing demand for personalized online education. With around 10 million students and 125,000 courses, the platform is poised to generate over $200 million in sales this year. This growth is fueled by the platform's ability to help instructors create branded websites and expand into new verticals like coaching and services.
Given its rapid expansion and high valuation, Teachable is well-positioned for future fundraising rounds. The company’s focus on enhancing platform features and supporting instructors could attract further investment, enabling it to scale operations and explore new markets. However, challenges such as retaining instructors and competing with other content platforms like YouTube remain. Addressing these issues will be crucial for sustaining long-term growth and achieving profitability.
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