MasterClass Raises $225M in New Funding, Led by Fidelity

MasterClass has raised $225 million in Series F funding. Funding for the expert learning platform was led by Fidelity Management & Research Company and with participation from new investors including Baillie Gifford, Balyasny Asset Management and Eldridge together with existing investors IVP, Javelin, NEA and Owl Ventures.

The latest round brings the funding total to more than $475 million.

"Over the past several years we have seen a surge in subscriber growth as people are driven to fulfill their desire for lifelong learning outside of the confines of traditional education -- MasterClass enables that, with our incredible roster of instructors, cinematic production capabilities and singular focus on restoring the joy of learning," said David Rogier, founder and CEO of MasterClass. "We are grateful to our investors for their support and this new funding, which will enable us to enhance our global offering for subscribers and capture the meaningful market opportunity we see."

"As an early investor in MasterClass, we continue to be impressed by the company's track record of continuous innovation and rapid growth, all while remaining focused on fiscal responsibility and sustainability," said Rick Yang, General Partner and Head of Consumer Investing at NEA. "MasterClass has a diverse content portfolio that provides unprecedented access to world class instructors, positioning it uniquely within the streaming sector and driving strong customer loyalty. We are thrilled to continue to partner with this category-defining company as it unlocks new opportunities in this pivotal next phase of growth and success."

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