Outlier.org, a NYC-based startup offering intro-level online college courses, has recently raised $30 million in a Series B funding round. The round was led by GV, with participation from Unusual Ventures, GSV and Harrison Metal, as well as Gaingels.
The company which has raised a total of $46 million in venture capital to date, will use the investment to expand operations and its business reach.
Launched in the fall of 2019, Aaron Rasmussen, Outlier.org’s founder and CEO, said his goal was to address the growing cost of higher education by offering a more affordable alternative.
Each course costs $400, which the company says is approximately one-sixth the cost of a traditional college class. A student gets transferable college credits from the University of Pittsburgh if he passes.
The startup currently offers six classes, including Calculus I, Microeconomics, Astronomy and Philosophy, and aims to expand to 14 by the end of 2022.