MasterClass announces a $35 million Series C funding round led by IVP. Existing investors, including New Enterprise Associates (NEA), Javelin Venture Partners, Bloomberg Beta, Advancit Capital, Novel TMT, Yan-David Erlich, Matthew Rutler (MX Investments) and new investors GSV Acceleration and Sam Lessin participated in the round. This brings the total funding raised by the company to $56.4 million to date.
MasterClass plans to use the funding to accelerate class development, expand the roster of instructors, and build out the team to make it possible for anyone in the world to learn from the best. Eric Liaw (IVP) and Roseanne Wincek (IVP) will be joining the board alongside existing board members Rick Yang (NEA) and Alex Gurevich (Javelin Venture Partners).
“We are honored to lead the Series C round at MasterClass,” said Eric Liaw, General Partner at IVP. “From Serena Williams teaching tennis to Gordon Ramsay teaching cooking to Kevin Spacey teaching acting and soon Shonda Rhimes teaching television writing, they are delivering on their mission to make the knowledge of the world’s great masters available to everyone and it’s exciting to partner with them.”
“We launched MasterClass with belief that everyone should be able to learn from the best and a hope that if we could do that we had a chance to make the world just a little more equal. This round of funding will enable us to accelerate the sharing of knowledge,” said co-founder and CEO David Rogier. “We’re thrilled to be working with the IVP team.”
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