An Online Marketplace for Kids’ Outschool, Classes, Raises $8.5 Million
Outschool which provides a marketplace for online classes aimed for children of middle- and high-school ages, has raised $8.5 million in a Series A round. The funding round led by Reach Capital and Union Square Ventures. On top of a $1.4 million seed round in 2017, the San Francisco-based startup has now raised close to $10 million. Jennifer Carolan, co-founder and general partner of Reach, will join the company’s board of directors. The company was founded in 2015 and offers a platform where teachers can host small online classes on any subject and topic, including using Taylor Swift songs to learn Spanish, as Quartz found. The company is currently having more than 8,000 classes from 1,000 teachers and each class is limited to 18 students, and costs on average $10 to $15 per session. The Outschool aims to use the funding amount to expand its engineering, operations and growth teams.