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- Outschool
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
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
Website
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| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Oct 2021 | Series D | $3B | 30.0x |
| Apr 2021 | Series C | $1.3B | 13.0x |
| Sep 2020 | Series 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
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Oct 2021 | $100M | $3B | 30.0x | Series D |
| Apr 2021 | $100M | $1.3B | 13.0x | Series 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
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2021 | Series D | Bond (lead); Tiger Global (lead); Reach Capital; SV Angel; Union Square Ventures; FundersClub; Lightspeed Venture Partners; Coatue | $110M | $3B | Outschool 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 2021 | Series C | Coatue (lead); Tiger Global (lead); Reach Capital; Scale-Up; Union Square Ventures; Lightspeed Venture Partners | $75M | $1.3B | Outschool 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 2020 | Series B | Lightspeed Venture Partners (lead); Reach Capital; SV Angel; Y Combinator; Union Square Ventures; FundersClub | $45M | $320M | Outschool 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 2019 | Series A | Reach 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 2017 | Seed | Collaborative Fund (lead); Sesame Workshop (lead); Learn Capital; SV Angel; S28 Capital; Y Combinator; Caterina Fake; FundersClub | $1M | - | - |
| Mar 2016 | Seed | Y 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
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | May 2019 | ||
| 4 | Participant | Mar 2016 | ||
| 4 | Lead | May 2019 | ||
| 4 | Participant | Mar 2016 | ||
| 3 | Lead | Mar 2016 | ||
| 3 | Lead | Sep 2020 | ||
| 2 | Participant | Mar 2016 | ||
| 2 | Lead | Apr 2021 | ||
| 2 | Lead | Apr 2021 | ||
| 1 | Participant | Jun 2017 | ||
| 1 | Participant | Apr 2021 | ||
| 1 | Participant | Jun 2017 | ||
| 1 | Lead | Jun 2017 | ||
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Start Free TrialOutschool Competitors
Outschool competitors include listed companies like East Buy, Stride and Youdao, and private ones like Age of Learning, GoStudent and Spark Education Group.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $100M | - | $3B | - | ||
| Publicly listed | $850M | $98M | $3.4B | 2.8x | ||
| Publicly listed | $2.5B | $580M | $3.4B | 1.2x | ||
| Private | $107M | $16M | $3.4B | - | ||
| Publicly listed | $881M | $29M | $1.7B | 2.0x | ||
| Private | $217M | - | $1.5B | 6.9x |
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 FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $2.9B | $408M | 1.8x | 1.7x | 12.6x | 10.2x | |||
| $850M | $98M | 3.0x | 2.8x | 26.3x | 22.4x | |||
| $247M | ($78M) | 10.8x | 8.9x | (34.3x) | (2053.7x) | |||
| $2.5B | $580M | 1.2x | 1.2x | 5.1x | 4.8x | |||
| $2.1B | $613M | 2.4x | 2.3x | 8.1x | 6.5x | |||
| $1.7B | $405M | 2.2x | 2.2x | 9.3x | 8.3x | |||
| $269M | - | 15.2x | 15.2x | - | - | |||
| $846M | $239M | 1.7x | 1.7x | 6.0x | 5.4x | |||
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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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