MasterClass, a San Francisco-based online learning platform, has raised $225M in a Series F funding round, bringing its valuation up to $2.75 billion, according to CNBC.
The round was led by Fidelity Management & Research Company, joined by New investors Baillie Gifford, Balyasny Asset Management and Eldridge, as well as existing investors IVP, Javelin, NEA and Owl Ventures, and 01 Advisors, Atomico, Bonnier, Cleo Capital, Dan Capital, NewView Capital, NextEquity Partners, Outlier Ventures, Powerhouse Capital, RPS Ventures, Family Office of Ronald Lauder, and UTA.
Launched in 2015, MasterClass is a streaming platform that provide learners with courses taught by celebrities, athletes and business leaders. With an annual membership fee of $180, subscribers get unlimited access to 100+ instructors and classes across a wide range of subjects, including Arts & Entertainment, Business, Design & Style, Sports & Gaming, Writing and more.
MasterClass will use the fresh investment to further accelerate content production, expand internationally, and launch a new enterprise business.
Following a $100 million Series E round that closed a year ago, the company has so far raised a total funding of more than $475M.
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