Outschool, a marketplace for live online classes for kids, started out in 2015 with a focus on serving families that homeschool. But now, with much of regular schooling happening in homes, the company has seen a dramatic expansion of its audience.
Its wallet has gotten a little bigger, too, thanks to a $45 million Series B round led by Lightspeed Venture Partners. Other investors include Reach Capital, Union Square Ventures, SV Angel and FundersClub and Y Combinator. To date, the company has raised $55 million.
In the edtech industry, venture capital flows where business grows, and that’s been the case for the San Francisco-based company. Today, Outschool says parents have signed up over 500,000 students for a class—more than six times the total between its launch five years ago and the start of the global pandemic. The number of instructors on the platform grew from 1,000 before the outbreak to