How Online Education Startup Outschool Raised $45 Million During The Pandemic

Courtesy: OutschoolCEO Amir Nathoo, 40. Today the cofounder of the five-year-old San Francisco-based online education provider announced that he had raised $45 million in a funding round led by Lightspeed, a Silicon Valley venture fund. That brings the total invested in Outschool to $57 million.

The platform offers a staggering 50,000 not-for-credit classes aimed at students in grades K-12. That’s up from 15,000 just three months ago. Among the most popular right now:, a five-week course for students aged 10-15 that meets once a day for an hour. Priced at $210, it’s limited to 18 students. Juliet Travis, a parent in suburban Hillsboro, Oregon, says “it was a disaster” when her son Dash’s fifth grade public school suddenly switched to remote learning in mid-March. It took months before his teachers had sorted out the tech challenges and even then, he was only in virtual school for a couple of hours a day. She says Outschool was a lifeline. “All the classes seemed really creative,” she says. “There was Fortnight Math and Dungeons and Dragons creative writing.

When he thought about his next venture, he says he was drawn to education but he didn’t want to “push technology into the classroom.” Instead he liked the idea of a platform that would give kids access to classes they couldn’t take in their communities.

Really interesting model. outschool made money sure, but by providing access to learning that would otherwise not have been available! ‘The surge in demand has been a boon to many of Outschool’s instructors The company keeps 30% of class fees. Instructors pocket the rest. ‘

Awesome

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