MasterClass, a San Francisco, CA-based streaming platform for anyone to learn from the best professionals in theri specific field, raised $225M in Series F funding.
The round was led by Fidelity Management & Research Company with participation from new investors Baillie Gifford, Balyasny Asset Management and Eldridge together with existing investors IVP, Javelin, NEA and Owl Ventures, and 01 Advisors, Atomico, Bonnier, Cleo Capital, Dan Capital, NewView Capital, NextEquity Partners, Outlier Ventures, Powerhouse Capital, RPS Ventures, Family Office of Ronald Lauder and UTA.
The Series F financing follows a $100M Series E round that MasterClass closed a year ago, bringing its total funding to date to more than $475M. The latest capital
The company intends to use the funds to further advance strategic initiatives including:
- Increased content production
- International expansion
- Launch of new Enterprise business
- Continued growth of workforce
Launched in 2015 by David Rogier, founder and CEO, MasterClass is a streaming platform where subscribers get access to 100+ instructors and classes across a wide range of subjects, including Arts & Entertainment, Business, Design & Style, Sports & Gaming, Writing and more. Each class features about 20 video lessons, at an average of 10 minutes per lesson. People can learn on their own terms—in bite-size pieces or in a single binge, streaming thousands of lessons anywhere, anytime, on mobile, tablet, desktop, Apple TV®, Android™ TV, Amazon Fire TV® and Roku® players and devices.