Outschool, a San Francisco, CA-based K-12 education marketplace, raised $45M in Series B funding.
The round was led by Lightspeed Venture Partners with participation from, Reach Capital, Union Square Ventures, SV Angel, FundersClub, Y Combinator and others.
The company intends to use the funds to accelerate hiring and product development for its K-12 education marketplace.
Led by Amir Nathoo, Co-founder and CEO, Outschool is an online marketplace of live, interactive classes that connect teachers and learners over real-time video in a small-group setting. Its offerings are created by independent teachers and include a wide variety of enrichment classes such as cooking, piano and language lessons as well as academic classes such as grammar bootcamps and geometry. Outschool classes are engaging and diverse with classes like: surviving a Zombie Apocalypse During the American Colonial Period, Ready, Set, Bake: Tasty Cupcakes, STEM Design: Build a Satellite, Grammar Detectives in the Rainforest, Bring Your Chickens to Class, and A Taste of Fashion Design .
Classes on Outschool range from one-time enrichment lessons to semester-long core courses, are offered across all subjects, and for learners range from age 3 to 18.