HEDLINE: Skillshare raises $6 million


Skillshare, a marketplace for interactive online classes raised a $6.1 million Venture Round co-led by Union Square Ventures and Spark Capital bringing the total funding raised to $10 million.

The new funding is going to be used to build a more social experience by connecting students and teachers through activity feeds and other features.

Key Takeaway

Skillshare started as a marketplace for peer-to-peer offline classes in April 2011, operating under the motto “No webcams, no downloads. Just real classes”. The startup has changed its business model since by becoming a hybrid platform offering offline and online classes but clearly emphasizing the online, self-paced video based courses which feature interactive elements like office hours. According to Inc. already 80% of Skillshare’s users took online classes on the platform in April of last year.

Skillshare co-founder and CEO Michael Karnjanaprakorn called this move an evolution, not a pivot on Quora. Since Skillshare’s relaunch as online course platform the startup has grown significantly with over 100.000 paid enrollments in over 500 classes.

CourseHorse, a like Skillshare New York-based edtech startup, just raised $1.3 million based on the classic Skillshare business model of listing offline classes, only.

Further Reading

  • A Year From Launch, Skillshare Lands $6M From USV, Spark To Double Down On Project-Based, Online Classes | TechCrunch
  • Is Skillshare pivoting to online learning with the launch of hybrid classes? | Quora
  • Skillshare takes on the Education Gap | Inc.
  • Skillshare raises $3.1m to build Community Marketplace for Offline Classes | EDUKWEST

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Kirsten Winkler is the founder and editor of EDUKWEST. She also writes about Social Media, Digital Society and Startups at