Outschool Explained

Outschool, Inc.
Industry:	Online education
Founded:	2015
Founder:	Amir Nathoo Mikhail Seregine Nick Grandy
Hq Location:	San Francisco, California
Revenue:	$100,000,000
Revenue Year:	2020
Owner:	Amir Nathoo
Num Employees:	110
Num Employees Year:	2020
Website:	https://outschool.com/

Outschool, Inc. is an American online marketplace of virtual classes for children.^[1] It is headquartered in San Francisco, California.^[2]

History

Outschool was co-founded in 2015 by Amir Nathoo, alongside former Google employee Mikhail Seregine and Nick Grandy, an engineer working for Airbnb.^{[3] [4]}

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.

In September 2020, Outschool raised $45 million in a round of Series B funding led by Lightspeed.^[5] 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.^[6] In October 2021, the firm raised $110M in Series D funding led by Tiger Global Management, which brought its valuation to $3 billion.^[7]

Notes and References

1. Campbell. Simon. 2020-10-30. Fast 100: Outschool is booming while school is out. San Francisco Business Times. 2021-06-04.
2. Web site: Fortson. Jobina. 2020-12-10. Job hunting with Jobina: San Francisco-based Outschool hiring teachers. 2021-06-03. ABC7 San Francisco. en.
3. Web site: McDonald. Kerry. Outschool.com Takes Education Out Of Schooling. 2021-06-03. Forbes. en.
4. Web site: Ryan. Kevin J.. 2020-03-27. With Schools Closed, Online Learning Startup Outschool Sees Surge in Demand for Its Classes. 2021-06-04. Inc.com. en.
5. Web site: FinSMEs. 2020-09-18. Outschool Raises $45M in Series B Funding. 2021-06-04. FinSMEs. en-US.
6. Web site: Outschool is the newest edtech unicorn. 2021-06-03. TechCrunch. 14 April 2021 . en-US.
7. Outschool . Outschool Adds $110M Series D Round, Bringing Valuation to $3B . 2022-04-25 . www.prnewswire.com . en.