Outschool

Last updated

Outschool, Inc.
IndustryOnline education
Founded2015
Founder
  • Amir Nathoo
  • Mikhail Seregine
  • Nick Grandy
Headquarters San Francisco, California
Revenue$100,000,000 (2020)
Number of employees
110 (2020)
Website outschool.com

Outschool, Inc. is an American online education platform for children that provides virtual classes. [1] [2] It is headquartered in San Francisco, California. [3] [4]

Contents

History

Outschool was co-founded in 2015 by Amir Nathoo, alongside former Google employee Mikhail Seregine and Nick Grandy, an engineer working for Airbnb. [5] [6]

Using seed money from startup accelerator Y Combinator, Nathoo and company created the platform's website in 2016; the first class was released shortly after in 2017. [5]

In September 2020, Outschool raised $45 million in a round of Series B funding led by Lightspeed. [7] This was followed in April 2021 by $75 million of Series C funding, causing the company to become a unicorn valued at $1.3 billion. [8] In October 2021, it raised $110M in Series D funding led by Tiger Global Management, which brought its valuation to $3 billion. [9]

References

  1. ↑ Picchi, Aimee (July 28, 2020). "Families pay hundreds a month to 'out-school' kids".
  2. ↑ Schulte, Erin (November 3, 2022). "How Outschool won the pandemic".
  3. ↑ Campbell, Simon (October 30, 2020). "Fast 100: Outschool is booming while school is out". San Francisco Business Times. Retrieved June 4, 2021.
  4. ↑ Fortson, Jobina (December 10, 2020). "Job hunting with Jobina: San Francisco-based Outschool hiring teachers". ABC7 San Francisco. Retrieved June 3, 2021.
  5. 1 2 McDonald, Kerry. "Outschool.com Takes Education Out Of Schooling". Forbes. Retrieved June 3, 2021.
  6. ↑ Ryan, Kevin J. (March 27, 2020). "With Schools Closed, Online Learning Startup Outschool Sees Surge in Demand for Its Classes". Inc.com. Retrieved June 4, 2021.
  7. ↑ Mascarenhas, Natasha (September 18, 2020). "Outschool, newly profitable, raises a $45M Series B for virtual small group classes". TechCrunch .
  8. ↑ "Outschool is the newest edtech unicorn". TechCrunch. April 14, 2021. Retrieved June 3, 2021.
  9. ↑ Mascarenhas, Natasha (October 14, 2021). "Outschool's after-school enrichment marketplace is now valued at $3 billion". TechCrunch .
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