Skillshare, a NYC-based online learning community with thousands of classes in creative, business and tech disciplines, closed $28m Series C financing.
The new round includes $20m in equity funding as well as $8m in venture debt. The equity round was led by Union Square Ventures, with participation from Burda Principal Investments as well as existing investors Amasia and Spero Ventures.
The company, which has raised a total of $42m in equity financing to date, will use funds to accelerate growth and build out learning ecosystem targeting independent professionals around the globe.
Led by Matt Cooper, CEO, Skillshare is an online learning community with thousands of classes in design, business, technology and more. Founded in 2010, the community is comprised of over 5 million students and thousands of teachers, from 100+ countries, who come to the open-platform to learn skills, network with peers and discover new opportunities. Students can enroll in hundreds of free classes, or get unlimited access to the full class catalog by upgrading to Premium for a monthly rate. Skillshare teachers include both industry leaders and talented practitioners who have built a following and a significant passive income stream through the site.
Currently, Skillshare’s platform boasts over 5 million users and over 20,000 classes taught by a network of 6,000 experts across dozens of fields.