Outschool Raises $110 Million at $3 Billion Valuation for Edtech Industry

Outschool is a marketplace for more than 140 000 online classes for children. The platform connects teachers and their educational programs with parents and their children. Outschool offers a big variety of classes on different topics such as arts, music, languages, coding, etc.

The round Series C was led by Tiger Global Management and BOND. Among other investors were Lightspeed Ventures, Union Square Ventures, Reach Capital, Coatue, FundersClub, and SV Angel. “Outschool’s online learning provides parents and students with a high-quality, convenient and affordable form of after-school enrichment and supplemental learning,” said Evan Feinberg, Partner, Tiger Global.

Outschool was founded in 2015 by Amir Nathoo, Mikhail Seregine (former Google employee), and Nick Grandy (an engineer from Airbnb). Outschool is headquartered in San Francisco, California. The startup came from the YCombinator accelerator, the first class was started in 2017. Now, Outschool works both domestically and globally in such countries as Canada, New Zealand, UK. Outschool offers tutoring, common classes, several-week camps. “I envision a world where kids are spending half of their time in K-12 education learning online with others,” Amir Nathoo, CEO of Outschool, said.

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