Outschool was founded to inspire kids to love learning by making education fun, social and self-directed. Today we are pleased to announce a major milestone in furthering our mission: we have secured an additional $110M in Series D funding at a $3B valuation. This comes less than a year after a $75M Series C raise in April ‘21. Our previous investor, Tiger Global Management, led this round, and we have added BOND. Additional participants include Lightspeed Ventures, Union Square Ventures, Reach Capital, Coatue, FundersClub, and SV Angel. This funding provides us with additional resources to positively impact society by reaching children across the world and allowing them to explore their interests and develop lifelong passions.
In a time where the education landscape and the traditional go-to-market strategies are rapidly evolving, Outschool aims to create new, dynamic opportunities for learners and educators alike. Although many schools across the United States went back to in-person classes this fall, we continue to attract new adopters and learners, especially for ongoing classes. We will use this latest round of funding to fuel our global expansion and ramp up new product offerings for schools and parents seeking alternatives to engage children in a love of learning.
Our CEO, Amir Nathoo had this to say:
“Outschool engages and inspires learning through a large variety of classes and subjects so kids can dive deeper into their favorite interests. We have seen firsthand how the small-group format encourages social interaction and builds friendships while also allowing for a deeper understanding of subject matter. We recently launched Outschool Pods based purely on demand from both teachers and families to have more opportunities for ongoing organized, academic classes in small group settings. We will continue to innovate on our product based on the needs of our community. I couldn’t be prouder of the achievements of our team from the past year and a half. Now we recognize the real work begins as we scale up and realize the platform’s great potential to inspire learners across the world.”
From supplemental learning to after school enrichment, we are here to continue to expand our offerings, meet the global needs of parents and learners, and to provide high-quality education that’s convenient, affordable, and reaches all communities of learners.