Outschool Raises $8.5M Series A Funding to Enhance Kids’ Education (2024)

I’m excited to announce that Outschool has raised $8.5M in venture funding. The funding was co-led by Union Square Ventures and Reach Capital who bring both education and consumer marketplace expertise. Reach was founded by Jennifer Carolan, a former teacher, who has joined our Board.

Learn more about Outschool and our plans below. Also see in-depth coverage by Jenny Anderson at Quartz, Julia Freeland Fisher at Christensen Institute and blog posts from Fred Wilson, Rebecca Kaden at Union Square Ventures and Jennifer Carolan at Reach Capital.

With this funding, we’ll continue to build an inspirational learning platform that addresses the challenges and opportunities of kids’ education in the twenty-first century. If you’re excited to help, check out our open roles in engineering, operations, and growth.

Our mission is to inspire kids to love learning. We provide small group classes that meet over live video chat where learners are connected with teachers and classmates who share their interests. These classes are offered through our marketplace and conducted on our remote learning platform.

We give teachers the creative freedom to create classes like Harry Potter Chemistry, Minecraft Architecture and Pokemon Biology. Kids are thrilled to take these classes because they connect learning with subjects they’re already interested in. So much of kids’ education today is focused on the end result: the test score, the college acceptance letter, the job offer. Yes, mastering a subject and seeing concrete benefits is important. But fostering a love of learning is a key building block to being successful throughout life – and one that is severely under-recognized.

Tens of thousands of families have already enrolled. Every day we’re delighted by the fun and sparks of inspiration that fly when learners and teachers interact in our classes. As one parent wrote:

“It’s a great opportunity for her to try new things and meet kids safely all over the world in a supervised and fun creative learning environment.”

Why I Founded Outschool

Inspired by my own experiences, I started Outschool in 2015 because I wanted to create better learning experiences for kids. I’d been thinking about applying technology in education for a long time. I had a fantastic education in the UK, including studying engineering at the University of Cambridge, which was challenging and provided a great base of knowledge. However, some of my most impactful learning experiences happened outside of school.

When I was five, my parents, both teachers, bought me a computer—a BBC Micro. These were the days before screen time limits and I played computer games obsessively, eventually becoming inspired to create games myself. After teaching myself to program by age eight, my parents found a retired university professor who was teaching computer science on the side. That out-of-school learning experience, based on my interests, eventually led to my career in technology.

Now I’m a parent myself and I think a lot about how I can best prepare my son to be happy and empowered to achieve his goals. Parents like me grew up with the internet and we have new expectations about the tools and methods kids need for learning. In a global economy, we need to help the next generation cultivate differentiated skills by pursuing their interests. We already use video chat for kids to communicate with far flung relatives. It clearly can be a powerful medium for learning as well.

How is Outschool Different?

Outschool is built on the idea that human interactions—both learner to learner and teacher to learner— around common interests are key to learning. We focus on helping kids pursue their innate curiosity, rather than just passing the next test. We see diversity of interests as a challenge we can meet with variety of class choices, not a problem to solve with a restrictive curriculum.

We value human attention and relationships as the foundation of a supportive learning environment, not a cost to be automated away. Kids get more excited, pay more attention and remember more when learning with others. Connecting kids beyond their local community broadens their experience of the world and builds empathy. As one parent put it:

“My son just wrapped a Minecraft class and the kids have bonded so beautifully. I see lasting friendships. It is a beautiful thing to be able to find other kids who are into the same things as you and be able to connect with them despite the many miles in between you.”

Where We’re Headed Next

We see a future where every kid has access to quality, inspirational learning experience that are just right for them. Where they have the opportunity to pursue their interests with other learners and inspiring teachers. We aim to support millions of families across the world.

Small group live online classes broaden access and benefit learners and teachers alike. They’re less expensive for parents and more lucrative for teachers than one-on-one tutoring since costs are split between participants. There’s no need to burn time and money traveling to a physical facility for an in-person activity. Because our classes meet online, anyone can join if they have a fast enough internet connection. Half of Outschool learners take a class with students from two or more countries.

Thanks to all of the families and teachers we work with daily for your commitment to learning and belief in our mission. Thanks also to all of our investors for your continued support. We look forward to the next phase of learning and growth. Here’s how to get involved:

Join our team

Signup to explore classes

Apply to teach

Outschool Raises $8.5M Series A Funding to Enhance Kids’ Education (2024)

FAQs

Outschool Raises $8.5M Series A Funding to Enhance Kids’ Education? ›

Outschool Raises $8.5M Series A Funding to Enhance Kids' Education. I'm excited to announce that Outschool has raised $8.5M in venture funding. The funding was co-led by Union Square Ventures and Reach Capital who bring both education and consumer marketplace expertise.

How much is Outschool funding worth? ›

SAN FRANCISCO, Oct. 14, 2021 /PRNewswire/ -- Outschool announced today a $110M Series D raise with a $3B valuation for its K-12 education marketplace. The Series D funding comes less than a year after a $75M Series C raise in April 2021.

How does Outschool make money? ›

Outschool's business model is to take a service fee each time a learner enrolls. Outschool takes 30% of the family's payment, and educators receive 70%. This means that we only succeed when you succeed, and our interests are aligned. To that end, all class fees must be paid through the Outschool platform.

What is the annual revenue of Outschool? ›

Outschool's revenue is $100.0 million.

Outschool has 110 employees, and the revenue per employee ratio is $909,091. Outschool peak revenue was $100.0M in 2023.

Who is the founder of Outschool? ›

Outschool was co-founded in 2015 by Amir Nathoo, alongside former Google employee Mikhail Seregine and Nick Grandy, an engineer working for Airbnb. 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.

Is Outschool still profitable? ›

Yes, Outschool can provide a stable source of income, particularly for those who invest the time and effort to regularly create and update course offerings, engage with their audience, and adapt to the evolving market.

How much do most teachers make on Outschool? ›

More Outschool Education & Instruction salaries
  • Educator. $20.34 per hour.
  • English Teacher. $20.82 per hour.
  • Instructor. $22.53 per hour.
  • Tutor. $20.50 per hour.

Do homeschoolers use Outschool? ›

For some homeschooling families, Outschool is a great supplement to what their family is already using at home. This might be for extra academic help, 1-on-1 tutoring, or just time to socialize with other learners.

Who runs Outschool? ›

Outschool was founded in 2015 by Amir Nathoo (CEO), Mikhail Seregine, and Nick Grandy (Head of Product). Prior to co-founding Outschool, Seregine had worked in product management and engineering at companies like Amazon and Google.

Can you make good money teaching on Outschool? ›

Average Outschool Teacher hourly pay in California is approximately $31.29, which is 88% above the national average.

How many teachers does Outschool have? ›

In March 2020, Outschool had around 1,000 teachers. Today, the platform has 10,000 teachers.”

Is Outschool a nonprofit? ›

Outschool.org is a registered 501(c)3 non-profit managed through the Edward Charles Foundation (ECF). Outschool.org is a non-profit that provides under-resourced communities the tools to navigate and access non-traditional learning experiences.

Is teaching on Outschool worth it? ›

Outschool is more like a business than just showing up and teaching. My results are slightly above the average $50 USD per hour. There are teachers who make less than I do, and teachers who make over $100 USD per hour.

How many kids are on Outschool? ›

Today, Outschool offers more than 140,000 live online classes to more than 1,000,000 learners in 183 countries worldwide.

Are Outschool teachers independent contractors? ›

As an independent contractor on Outschool, you get to set your own prices and earn flexible income that meets your needs.

What is the largest source of funding for public schools? ›

The largest source of funding for elementary and secondary education comes from state government aid, followed by local contributions (primarily property taxes). The public education system provides the classes needed to obtain a General Education Development (GED) and obtain a job or pursue higher education.

How much is a teach grant worth? ›

The TEACH Grant program is a non-need-based grant program that provides up to $4,000 per year1 to students who are enrolled in an eligible program and who agree to teach in a high-need field, at a low- income elementary school, secondary school, or educational service agency2 as a highly qualified teacher, for at least ...

Who invested in Outschool? ›

This comes less than a year after a $75M Series C raise in April '21. Our previous investor, Tiger Global Management, led this round, and we have added BOND. Additional participants include Lightspeed Ventures, Union Square Ventures, Reach Capital, Coatue, FundersClub, and SV Angel.

Who funds most public schools? ›

Local school revenue comes from cities, counties, or the school districts themselves. About 81% of local funding for schools comes from property taxes. Other revenue comes from parents via parent-teacher associations and other groups.

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