Outschool Revenue, Valuation, Funding & Investors

Outschool is valued at $3B as of October 2021, a 30.0x multiple on its last reported $100M revenue.

Last Outschool valuation

$3B

Series D · Oct 2021

Last Outschool funding round

$110M

Series D · Oct 2021

Outschool revenue

$100M

Series D · Oct 2021

Key investors in Outschool

  • SV Angel
  • Union Square Ventures
  • FundersClub
  • Reach Capital
  • Y Combinator
  • Lightspeed Venture Partners

Outschool Overview

About Outschool

Outschool is an online learning marketplace linking children aged 3-18 with independent teachers for live virtual classes. San Francisco-headquartered and founded in 2015, it hosts over 140,000 classes weekly in subjects from robotics to Shakespeare across 200 countries. Teachers include certified educators and specialists delivering small-group sessions via Zoom, with parental controls for scheduling.


Founded

2015

HQ

United StatesSan Francisco, CA

Status

Privately held

Customer focus

B2C

Revenue model

Commission

Revenue

$100M (Oct 2021)

Valuation

$3B (Oct 2021)

Outschool Valuation

Outschool is currently valued at $3B, based on its Series D in October 2021.

The $110M round was led by Bond and Tiger Global, with participation from Reach Capital, SV Angel, Union Square Ventures, FundersClub, Lightspeed Venture Partners and 1 other investor.

Outschool's valuation has grown 9.4x from $320M at its Series B in September 2020 to $3B in October 2021, across 3 priced rounds.

Outschool valuation by funding round

Revenue multiple
Outschool valuation by funding round
DateStageValuationRevenue Multiple
Oct 2021Series D$3B30.0x
Apr 2021Series C$1.3B13.0x
Sep 2020Series B$320M-

Outschool Revenue

Outschool's latest recorded revenue is $100M, as of its Series D in October 2021. At a $3B valuation, that implies a 30.0x revenue multiple.

Revenue moved from $100M in April 2021 to $100M in October 2021, while the revenue multiple moved from 13.0x to 30.0x.

Outschool revenue by funding round

Outschool revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Oct 2021$100M$3B30.0xSeries D
Apr 2021$100M$1.3B13.0xSeries C

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Outschool Funding History

Outschool has raised a total of $240M across 6 funding rounds.

Outschool's first fundraising round was a $300K seed round in March 2016. The most recent completed round was a $110M Series D in October 2021.

Outschool funding rounds

Outschool funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Oct 2021Series DBond (lead); Tiger Global (lead); Reach Capital; SV Angel; Union Square Ventures; FundersClub; Lightspeed Venture Partners; Coatue$110M$3BOutschool is an online education marketplace offering live, small-group classes for K-12 students aged 3 to 18, covering subjects from engineering and Lego challenges to language learning, taught by independent teachers worldwide. The platform operates on a marketplace model, taking a 30% commission on class bookings while teachers set prices and retain 70%. Classes include one-time sessions, ongoing courses, tutoring, camps, and social groups, with a nonprofit arm Outschool.org providing free access for families in need, having donated over $3M since April 2020. On October 14, 2021, Outschool raised a $110M Series D round led by Bond and Tiger Global, with participation from Coatue, FundersClub, Lightspeed Venture Partners, Reach Capital, SV Angel, and Union Square Ventures, achieving a post-money valuation of $3B. This followed a $75M Series C in April 2021 at $1.3B valuation and brought total funding to $240.2M across seven rounds. The funds were earmarked for global expansion, including time-zone-friendly classes in Australia, New Zealand, and the UK, and new product offerings for schools and parents amid ongoing demand post-COVID school reopenings. Outschool experienced explosive growth during the pandemic, with learner numbers increasing over 20x from 2019 to 2020 and bookings surging more than 2,000% from August 2019 to August 2020. Earlier traction included $54M in sales for the year of its September 2020 Series B (up from $6.5M prior year) and over $100M annual run rate at that time, plus $100M+ in 2021 bookings. By April 2023, it offered 140K+ courses to over 1M learners in 195 countries and paid $229M+ to teachers since inception.
Apr 2021Series CCoatue (lead); Tiger Global (lead); Reach Capital; Scale-Up; Union Square Ventures; Lightspeed Venture Partners$75M$1.3BOutschool is an online marketplace offering live, small-group classes for K-12 students, ranging from enrichment activities like Lego engineering to academic subjects, serving learners aged 3-18 worldwide. Founded in 2015 initially for homeschoolers, it experienced explosive growth during COVID-19, with bookings increasing over 2,000% from August 2019 to August 2020 as schools shifted online. The platform takes a 30% commission on class bookings, allowing teachers to set prices and retain 70%, with classes varying from one-time sessions to ongoing courses and camps. On April 14, 2021, Outschool raised a $75 million Series C round led by Coatue, with participation from Tiger Global, Lightspeed Venture Partners, Reach Capital, and others including Union Square Ventures, achieving a post-money valuation of $1.3 billion and unicorn status. This followed earlier rounds, including a $45M Series B in September 2020 from Reach Capital. By late 2020, Outschool reported around $54 million in sales for the year versus $6.5 million prior, with an annual run rate exceeding $100 million, and had turned profitable amid the pandemic surge. The company continued rapid expansion, raising a $110 million Series D on October 14, 2021, at a $3 billion valuation led by Scale-Up and Tiger Global, with the same investor group, bringing total funding to over $240 million. Funds supported global growth, educator network expansion, and new products like Outschool Pods for ongoing academic classes. Outschool has paid teachers over $229 million since inception and serves over 1 million learners in 195 countries, maintaining strong demand post-reopening of schools.
Sep 2020Series BLightspeed Venture Partners (lead); Reach Capital; SV Angel; Y Combinator; Union Square Ventures; FundersClub$45M$320MOutschool is a San Francisco-based online education marketplace offering live virtual small-group classes, camps, tutoring, and courses for K-12 learners aged 3-18 across all subjects, including after-school enrichment, homeschooling, and supplemental learning. The platform connects independent teachers worldwide with students, enabling educators to earn extra income, and includes a nonprofit arm Outschool.org providing free access for families in need, which donated over $3M since April 2020. Backed by Sesame Workshop and focused on real-time interactive classes, Outschool expanded rapidly during COVID-19 to serve global demand, including time-zone-friendly offerings in Australia, New Zealand, and the UK. In September 2020, Outschool raised a $45M Series B round led by Lightspeed Venture Partners, with participation from Reach Capital, Union Square Ventures, SV Angel, FundersClub, Y Combinator, and others, bringing total known capital to $55M at the time. The funding supported growing its staff from 25 to 60 people and scaling beyond homeschooling to after-school activities for school families on weekends and holidays. This followed a $8.5M Series A in mid-2019 led by Reach Capital and USV, and earlier seed funding including a $1.4M round co-led by Sesame Workshop’s Collab + Sesame and Collaborative Fund with Y Combinator, SV Angel, and others. Post-Series B, Outschool continued aggressive growth, raising a $75M Series C in April 2021 co-led by Tiger Global Management and Coatue at a $1.3B valuation, followed by a $110M Series D in October 2021 led by Tiger Global with BOND, Lightspeed, USV, Reach Capital, Coatue, FundersClub, and SV Angel, reaching a $3B valuation and total funding of $240M+ over 7 rounds. Funds were used for international expansion, product development, B2B offerings for corporate benefits, and school/district partnerships amid sustained online learning demand.
May 2019Series AReach Capital (lead); Union Square Ventures (lead)$9M-Outschool operates an online platform offering live, interactive small-group classes for K-12 students, initially targeting homeschooling families and later expanding to afterschool and supplemental learning. The company raised a Series A round on May 28, 2019, led by Reach Capital and Union Square Ventures. Sales grew from $500,000 in 2017 to over $6 million in 2019, with 2019 revenue reported at $6.5 million. Outschool's marketplace model takes a 30% commission on class bookings, allowing teachers to set prices while the platform handles payments and operations. By 2019, the company had established strong growth in live video-based classes across various subjects.
Jun 2017SeedCollaborative Fund (lead); Sesame Workshop (lead); Learn Capital; SV Angel; S28 Capital; Y Combinator; Caterina Fake; FundersClub$1M--
Mar 2016SeedY Combinator (lead); SV Angel; Caterina Fake; FundersClub$300K--

Who has invested in Outschool?

15 investors have backed Outschool across its funding rounds, including SV Angel, Union Square Ventures, FundersClub, Reach Capital, Y Combinator and Lightspeed Venture Partners.

Lead investors include Bond, Tiger Global, Coatue, Lightspeed Venture Partners, Reach Capital and 4 other investors.


Outschool Investors

Investors in Outschool by funding rounds participated
InvestorHQRoundsRoleFirst check
Reach CapitalUnited StatesSan Francisco, CA4LeadMay 2019
SV AngelUnited StatesSan Francisco, CA4ParticipantMar 2016
Union Square VenturesUnited StatesNew York City, NY4LeadMay 2019
FundersClubUnited StatesSan Francisco, CA4ParticipantMar 2016
Y CombinatorUnited StatesSan Francisco, CA3LeadMar 2016
Lightspeed Venture PartnersUnited StatesSan Francisco, CA3LeadSep 2020
Caterina FakeUnited StatesSan Francisco, CA2ParticipantMar 2016
Tiger GlobalUnited StatesNew York City, NY2LeadApr 2021
CoatueUnited StatesNew York City, NY2LeadApr 2021
Learn CapitalUnited StatesSan Francisco, CA1ParticipantJun 2017
Scale-UpUnited StatesSan Francisco, CA1ParticipantApr 2021
S28 CapitalUnited StatesSan Francisco, CA1ParticipantJun 2017
Sesame WorkshopUnited StatesNew York City, NY1LeadJun 2017

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Outschool Competitors

Outschool competitors include listed companies like East Buy, Stride and Youdao, and private ones like Age of Learning, GoStudent and Spark Education Group.

Public and private companies comparable to Outschool
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Age of LearningUnited StatesLos Angeles, CAPrivate$100M-$3B-
East BuyChinaChinaPublicly listed$850M$98M$3.4B2.8x
StrideUnited StatesUnited StatesPublicly listed$2.5B$580M$3.4B1.2x
GoStudentAustriaViennaPrivate$107M$16M$3.4B-
YoudaoChinaChinaPublicly listed$881M$29M$1.7B2.0x
Spark Education GroupSingaporeSingaporePrivate$217M-$1.5B6.9x

Outschool Public Comps

Outschool is still privately-owned, but its public comps include Bright Horizons Family, East Buy, COL Global, Stride, McGraw Hill, John Wiley & Sons, Fibra Educa, Perdoceo Education, Grand Canyon Education and Alef Education.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Bright Horizons Family$2.9B$408M1.8x1.7x12.6x10.2x
East Buy$850M$98M3.0x2.8x26.3x22.4x
COL Global$247M($78M)10.8x8.9x(34.3x)(2053.7x)
Stride$2.5B$580M1.2x1.2x5.1x4.8x
McGraw Hill$2.1B$613M2.4x2.3x8.1x6.5x
John Wiley & Sons$1.7B$405M2.2x2.2x9.3x8.3x
Fibra Educa$269M-15.2x15.2x--
Perdoceo Education$846M$239M1.7x1.7x6.0x5.4x

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Common questions about Outschool

When was Outschool founded?Outschool was founded in 2015.
Where is Outschool headquartered?Outschool is headquartered in San Francisco, CA, United States.
Is Outschool publicly listed?No, Outschool is a private, VC-backed company.
What is Outschool's valuation?Outschool was last valued at $3B in its Series D in October 2021.
How much funding has Outschool raised?Outschool has raised $240M across 6 funding rounds.
What was Outschool's last funding round?Outschool's last funding round was a $110M Series D in October 2021, led by Bond and Tiger Global.
Who are Outschool's investors?Outschool's investors include Reach Capital, SV Angel, Union Square Ventures, FundersClub, Y Combinator, Lightspeed Venture Partners, Caterina Fake, Tiger Global, Coatue, Learn Capital and 5 others.
What is Outschool's revenue?Outschool's latest recorded revenue is $100M (October 2021).
What is Outschool's revenue multiple?Outschool's latest valuation implies a 30.0x revenue multiple ($3B valuation on $100M of revenue).
Which companies are comparable to Outschool?Companies comparable to Outschool include Age of Learning, East Buy, Stride, GoStudent, Youdao and Spark Education Group.

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