MasterClass, a San Francisco, CA-based online education company that enables anyone to learn from the best in the world, raised $80m in Series D funding.
The round (announced in Sept. 2018) was led by current investor IVP, with participation from NEA, Javelin Ventures, and Advancit Capital, as well as new investors Atomico and Evolution Media (a joint fund from CAA and TPG). In conjunction with the funding, Roseanne Wincek of IVP will join the board of directors.
The company is using the funds to accelerate its subscription business, expand internationally, broaden class offerings into new categories such as business and politics, and introduce new ways to learn on its platform.
Led by David Rogier, co-founder and CEO, MasterClass provides educational, inspiring, and engaging classes taught by the world’s greatest minds via video lessons, interactive exercises, course materials, peer interaction, and more. It currently offers 39 classes from the world’s greatest minds in film and television, cooking, photography, sports, writing, science, and more. In 2018, the company added classes with Spike Lee (filmmaking), Judd Apatow (comedy), and Margaret Atwood (creative writing), among others, and expanded into new categories with classes from Chris Hadfield (space exploration), and Daniel Negreanu, whose poker class officially launched today.
In November 2017, MasterClass launched a subscription offering with the introduction of the All-Access Pass, allowing unlimited access to its entire catalog of classes for $180 per year.