Funding round
Campus Series A
Campus, which works in online education services in New York, raised $29M in a Series A round announced on 1 May 2023, led by OpenAI and Discord. 33 firms took part. It is Campus' second venture round on record; the one before was a Seed in Oct 2019.
$29M
Amount raised
Not disclosed
Post-money valuation
33
Investors
2 leads
Valuation
What this round says about the price
Campus did not disclose a valuation in this round. It came 43 months after Campus' Seed. It is 37% of the $79M Campus has raised in the venture rounds on record. Campus raised again 22 months later: a Series B round of $46M in Mar 2025.
Investors
Who put money in
OpenAI and Discord led the round with 31 other firms.
Lead investors
- OpenAI new investor
- Discord new investor
Also in the round
- Founders Fund backs 368 venture-backed companies new investor
- Bloomberg Beta new investor
- backs 96 venture-backed companies new investor
- backs 72 venture-backed companies new investor
- backs 42 venture-backed companies new investor
- backs 59 venture-backed companies new investor
- backs 9 venture-backed companies new investor
- Dylan Field new investor
- Stripes backs 101 venture-backed companies new investor
- 8VC new investor
- backs 44 venture-backed companies new investor
- C2 Investment new investor
- backs 36 venture-backed companies new investor
- backs 38 venture-backed companies new investor
- backs 212 venture-backed companies new investor
- backs 60 venture-backed companies new investor
- Innovation Endeavors backs 110 venture-backed companies new investor
- Institutional Venture Partners backs 109 venture-backed companies new investor
- backs 66 venture-backed companies new investor
- LGF new investor
- Lightspeed Venture Partners backs 454 venture-backed companies new investor
- backs 25 venture-backed companies new investor
- Menlo Ventures backs 215 venture-backed companies new investor
- backs 40 venture-backed companies new investor
- Plaid new investor
- backs 28 venture-backed companies new investor
- Salesforce Ventures backs 314 venture-backed companies new investor
- The HIT Forge new investor
- Tiger Global backs 391 venture-backed companies new investor
- Y Combinator backs 1,295 venture-backed companies new investor
- Sam Altman
Joined the board: Dr. Arthur Levine (Teachers College, Columbia University), Dr. Eduardo Padrón (Miami Dade College), Dr. Gail O. Mellow (LaGuardia Community College), Dr. Joe May (Dallas College), Dr. John Wilson (Morehouse College) and Ralph Wolff (WASC Senior College and University Commission).
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, sales and marketing, scaling operations, acquisitions and working capital.
- Hiring
- Product development
- Sales and marketing
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
The closest in time: 2 in Colleges & Universities, then Series A rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Colleges & Universities | 12 Jun 2023 | $10M | not disclosed | Educapital |
| Colleges & Universities | 8 Sep 2022 | $8.0M | not disclosed | New Markets Venture Partners and Learn Capital |
| Cengage Educational Publications | 22 May 2023 | $530M | not disclosed | Apollo |
| Biotechnology | 23 May 2023 | $300M | not disclosed | MPM BioImpact and F2 Venture Capital |
| Biotechnology | 16 May 2023 | $100M | not disclosed | Novo Holdings |
| Tech Companies | 16 May 2023 | $81M | $500M | Celesta Capital and Mayfield |
| Biotechnology | 1 May 2023 | $75M | not disclosed | Apple Tree Partners |
| Biotechnology | 18 May 2023 | $73M | not disclosed | Hatteras Investment Partners |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Campus raise in its Series A round?
Campus raised $29M in its Series A round, announced in May 2023.
Who led Campus' Series A round?
OpenAI and Discord led it, with Founders Fund, Bloomberg Beta, Precursor Ventures, Reach Capital and Rethink Capital Partners and 26 more.
What was Campus' valuation at the Series A round?
It was not disclosed.
Did Campus raise again after this round?
Yes: a Series B round in Mar 2025 of $46M.