MasterClass, a streaming platform that makes it possible for anyone to ‘learn from the best’, has raised USD225 million in a Series F funding round, led by Fidelity Management & Research Company and with participation from new investors including Baillie Gifford, Balyasny Asset Management and Eldridge together with existing investors IVP, Javelin, NEA and Owl Ventures.
The Series F financing follows a USD100 million Series E round that MasterClass closed a year ago, bringing its total funding to date to more than USD475 million. The latest capital will further advance the company’s strategic initiatives including:
Increased content production: Over the last two years, fuelled by rapid growth, MasterClass has increased its content portfolio by more than 90 per cent. The additional funding will support even greater breadth and depth of content in new and existing categories and formats.
This year, MasterClass will launch in new international markets, make its full portfolio of classes available in more languages and introduce new international talent to the instructor lineup.
Read more/Source: Private Equity Wire
