NYC-based General Assembly has closed a $35 million Series C led by Institutional Venture Partners (IVP) with participation of GSV Capital, Rethink Education, Maveron and Western Technology Investment.
Previous rounds include $4.25 million in Series A funding and a $10 million Series B round. Todd Chaffee of IVP is joining the board.
The new funding will be used to further expand the audience and offerings as GA co-founder Jake Schwarz writes on the company’s blog.
General Assembly aims to equip the digital workforce with the most relevant skills of the 21st century. Therefore GA focuses on technology, business and design education, specifically targeting workers in the knowledge economy. The course offering ranges from Web development and data science to product management and digital marketing.
Besides its online offerings General Assembly is currently established on eight physical campuses in tech hubs across the United States. GA locations are namely Boston, New York, Washington D.C., San Francisco and Los Angeles. Its international locations are Berlin, London, Hong Kong and Sydney.
Later last year GA announced to continue its efforts in the coworking side of its business and to focus on education including partnerships with NYSE Euronext and American Express. GA plans to continue building those offerings.
General Assembly has a network of more than 100,000 students which includes more than 6,000 alumni on its campuses. The company has a workforce of 250 people around the globe and plans to still be thriving 75 years from now.
This is just the latest story of Venture firms investing sizeable amounts of money in education and training solutions that target workers in the knowledge economy.