Tiger Global Leads $110 Million Round in Outschool

<p><strong>SAN FRANCISCO<&sol;strong><i><span style&equals;"font-size&colon; 11&period;0pt&semi; font-family&colon; 'Helvetica Neue'&semi; color&colon; &num;212121&semi;"> –<&sol;span><&sol;i><a href&equals;"http&colon;&sol;&sol;www&period;outschool&period;com&sol;"><i> <&sol;i>Outschool<&sol;a> has landed a &dollar;110 million Series D funding round with a &dollar;3 billion valuation&period;<&sol;p>&NewLine;<p>Outschool offers live online education experiences that connect real-life teachers with learners in small-group settings to explore everything from Minecraft&comma; Pokemon and Cooking to Chemistry&comma; Algebra and Literature&period; Outschool offers over 100&comma;000 online classes&period;<&sol;p>&NewLine;<p>Classes on Outschool range from one-time enrichment lessons to semester-long core courses and weekly social clubs&period; Classes are offered across all subjects&comma; and learners range from age 3 to 18&period;<&sol;p>&NewLine;<p>The Series D funding comes less than a year after a &dollar;75 million Series C raise in April 2021&period; The latest round of funding is led by previous investor Tiger Global Management and adds BOND&period; Additional participants in the round include Lightspeed Ventures&comma; Union Square Ventures&comma; Reach Capital&comma; Coatue&comma; FundersClub and SV Angel&period; The funding provides Outschool with additional resources to fulfill its mission to positively impact society by inspiring a love of learning in children across the world&period;<&sol;p>&NewLine;<p>Named by Fast Company as one of the Most Innovative Companies in 2021 and by Inc&period; Magazine’s Inc&period; 5000 as this year’s fastest growing education company&comma; Outschool has expanded its offering domestically and globally&period; Previously only available as a teaching opportunity to teachers in the United States and Canada&comma; when the pandemic hit&comma; the company grew its offerings dramatically&period; Outschool offered an opportunity for teachers worldwide to earn extra income&comma; allowing independent educators in countries such as Australia&comma; New Zealand&comma; and the UK to engage thousands of kids looking for time-zone-friendly classes while schools were largely shut down&period; Despite the marked uncertainty around Covid-19 and emerging variants&comma; Outschool’s latest funding round demonstrates confidence in the company’s long-term potential in a dynamic global education environment&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Outschool engages and inspires learning through a large variety of classes and subjects so kids can dive deeper into their favorite interests&period; We have seen firsthand how the small-group format encourages social interaction and builds friendships while also allowing for a deeper understanding of subject matter&period; Recently&comma; we launched Outschool Pods based purely on demand from both teachers and families to have more opportunities for on-going organized&comma; academic classes in small group settings&period; We will continue to innovate our product based on the needs of our community&comma;” said Amir Nathoo&comma; CEO of Outschool&period; &OpenCurlyDoubleQuote;I couldn’t be prouder of the achievements of our team from the past year and a half&period; Now we recognize the real work begins as we scale up and realize the platform’s great potential to inspire learners across the world&period;”<&sol;p>&NewLine;<p>Classes on Outschool range from one-time classes&comma; to ongoing social groups&comma; one-on-one tutoring&comma; week-long camps&comma; and ongoing courses&period; Classes are offered across all subjects&comma; and for learners ranging from age 3 to 18&period; For families with a financial need&comma; their nonprofit arm&comma; Outschool&period;org provides access to unique classes and camps&period; Outschool&period;org has donated over &dollar;3 million to schools&comma; after school programs and families in need since its inception in April 2020&period;<&sol;p>&NewLine;