Outschool Reaches $3B Valuation

By Josh Beckerman

 

Online education company Outschool continues its rapid increase in valuation, reaching $3 billion with a $110 million Series D funding.

According to TechCrunch, valuation was $320 million as of September 2020. In April, Outschool said its valuation was $1.38 billion.

Tiger Global Management led the Series D round. Participants include BOND, Lightspeed Ventures, Union Square Ventures, Reach Capital, Coatue, FundersClub and SV Angel.

The company provides more than 140,000 interactive online classes. In 2020, bookings rose from $6 million to more than $100 million. "Although schools across the United States went back to in-person classes this fall, Outschool continues to attract new learners, especially for ongoing classes," the company said Thursday.

A recent blog post called "Remixing Titles" said the company seeks a different corporate approach than using job titles that are "typically meant to convey both role and seniority." It said that "as companies grow, seniority in titles can become fine grain and symbolize a focus on hierarchy and status rather than collaboration and creativity."

Outschool said it was searching for a Head of Finance, a role that "would typically be called a Chief Financial Officer (CFO) in another company, but we're looking for a Head of Finance who is inspired by the opportunity we have in front of us to shape the future of education and sees the value in our unique approach."

 

Write to Josh Beckerman at [email protected]