Apr 7, 2021 - Economy & Business
Scoop: MasterClass raising new funding at $2.5 billion valuation
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.