Apr 7, 2021 - Economy

Scoop: MasterClass raising new funding at $2.5 billion valuation

Kia Kokalitcheva

Illustration of an unplugged backpack. — Illustration: Aïda Amer/Axios

MasterClass, which sells subscriptions to online courses taught by experts, is raising new funding led by Fidelity at a $2.5 billion valuation, Axios has learned.

The big picture: Online content boomed during the pandemic as people were stuck at home.

On the other hand, the pandemic presented production challenges to companies like MasterClass, particularly in terms of filming new content.

Details: San Francisco-based MasterClass last raised money in mid-2020 in another Fidelity-led round, at a reported $800 million valuation.

Its instructive courses have featured Spike Lee, Christina Aguilera, Serena Williams, Neil deGrasse Tyson and Gordon Ramsey.
The company didn't respond to Axios' request for comment.

Add Axios on Google

Scoop: MasterClass raising new funding at $2.5 billion valuation

What to read next