MasterClass was founded in 2012 by Aaron Rasmussen and David Rogier. In 2020, CEO Rogier said that the company is "on the path" to an IPO. These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Masterclass is a subscription-based edtech platform that offers courses on a wide range of subjects, typically taught by celebrities or other well-known experts. The company has raised $461 million in venture capital funding to date. Investors include Fidelity, NEA, Baillie Gifford, IVP, and NextView Capital. A 2021 round of Series F funding brought in $225 million in new capital. Masterclass plans to use the money to bolster existing operations and expand internationally. The funding resulted in a $2.5 billion valuation.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
05/13/2021 | Series F | $225MM | $xx.xx | $2.85B | Fidelity, Baillie Gifford, Balyasny, Eldridge, IVP, Javelin, NEA, Owl Ventures | |
Price per Share
$xx.xx
Shares Outstanding
7,058,425
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Fidelity, Baillie Gifford, Balyasny, Eldridge, IVP, Javelin, NEA, Owl Ventures
|
||||||
05/20/2020 | Series E | $149.37MM | $xx.xx | $912.29MM | Fidelity, Owl Ventures, 01 Advisors, NEA, IVP, Atomico, NextEquity | |
Price per Share
$xx.xx
Shares Outstanding
12,365,905
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Fidelity, Owl Ventures, 01 Advisors, NEA, IVP, Atomico, NextEquity
|
||||||
09/06/2018 | Series D | $89.56MM | $xx.xx | $442.31MM | Advancit Capital, Atomico, Evolution Media, IVP, Javelin Venture Partners, New Enterprise Associates, Serena Ventures | |
Price per Share
$xx.xx
Shares Outstanding
12,844,438
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Advancit Capital, Atomico, Evolution Media, IVP, Javelin Venture Partners, New Enterprise Associates, Serena Ventures
|
||||||
03/28/2017 | Series C | $40.39MM | $xx.xx | $190.52MM | Advancit Capital, Bloomberg Beta, GSV AcceleraTE, IVP, Javelin Venture Partners, MX Investments, New Enterprise Associates, Novel TMT Ventures, Samuel Lessin, UTA Ventures, Vectr Ventures, Yan-David Erlich | |
Price per Share
$xx.xx
Shares Outstanding
9,090,225
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Advancit Capital, Bloomberg Beta, GSV AcceleraTE, IVP, Javelin Venture Partners, MX Investments, New Enterprise Associates, Novel TMT Ventures, Samuel Lessin, UTA Ventures, Vectr Ventures, Yan-David Erlich
|
||||||
02/23/2016 | Series B | $15.9MM | $xx.xx | $61.19MM | Advancit Capital, Bloomberg Beta, Downey Ventures, Endeavor, Harrison Metal Capital, Javelin Venture Partners, MX Investments, New Enterprise Associates, Novel TMT Ventures, Otter Rock Capital, Philip Krim, Usher Raymond, WME Ventures | |
Price per Share
$xx.xx
Shares Outstanding
8,951,366
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Advancit Capital, Bloomberg Beta, Downey Ventures, Endeavor, Harrison Metal Capital, Javelin Venture Partners, MX Investments, New Enterprise Associates, Novel TMT Ventures, Otter Rock Capital, Philip Krim, Usher Raymond, WME Ventures
|
||||||
06/30/2015 | Series A | $4.46MM | $xx.xx | $15.66MM | Harrison Metal Capital, Javelin Venture Partners | |
Price per Share
$xx.xx
Shares Outstanding
7,404,114
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Harrison Metal Capital, Javelin Venture Partners
|
||||||
09/23/2013 | Series Seed-1 | $1.5MM | $xx.xx | $8.62MM | Lee Linden, Y Combinator | |
Price per Share
$xx.xx
Shares Outstanding
3,474,474
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Lee Linden, Y Combinator
|
||||||
09/23/2013 | Series Seed | $410,000 | $xx.xx | $8.62MM | Lee Linden, Y Combinator | |
Price per Share
$xx.xx
Shares Outstanding
1,700,538
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
6.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Lee Linden, Y Combinator
|