Funding round
MasterClass Series F
MasterClass, which works in online education services in San Francisco, raised $225M in a Series F round announced on 13 May 2021, led by Fidelity Management & Research Company, at a $2.75B post-money valuation. 20 firms took part, 4 of them already investors. It is MasterClass' seventh venture round on record; the one before was a Series E in May 2020.
$225M
Amount raised
$2.75B
Post-money valuation
$2.52B pre-money
20
Investors
1 lead
3.4x
Step-up from the Series E
$800M in May 2020
8.2%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced MasterClass at $2.75B after the new money, 3.4 times the $800M of its Series E (May 2020). The $225M bought investors about 8.2% of the company. It came 12 months after MasterClass' Series E. It is 49% of the $461M MasterClass has raised in the venture rounds on record. No later venture round is on record for MasterClass.
MasterClass' funding rounds
MasterClass has 7 venture rounds on record. This one is highlighted.
- Seed 1 Jan 2014, led by Harrison Metal $1.9M
- Series A 1 Jan 2015, led by Javelin Venture Partners $4.5M
- Series B 23 Feb 2016, led by New Enterprise Associates $15M
- Series C 28 Mar 2017, led by Institutional Venture Partners $35M
- Series D 1 Sep 2018, led by Institutional Venture Partners $80M
- Series E 20 May 2020, led by Fidelity Management & Research Company and Fidelity $100M$800M post-money
- Series F this round 13 May 2021, led by Fidelity Management & Research Company $225M$2.75B post-money
Investors
Who put money in
Fidelity Management & Research Company led the round with 19 other firms. Institutional Venture Partners, Javelin Venture Partners, New Enterprise Associates and Owl Ventures had backed MasterClass before.
Lead investor
- Fidelity Management & Research Company new investor
Also in the round
- Baillie Gifford new investor
- Balyasny Asset Management new investor
- Eldridge new investor
- Institutional Venture Partners backs 109 venture-backed companies existing investor
- backs 46 venture-backed companies existing investor
- New Enterprise Associates backs 286 venture-backed companies existing investor
- backs 71 venture-backed companies existing investor
- 01A backs 53 venture-backed companies new investor
- Atomico backs 123 venture-backed companies new investor
- backs 16 venture-backed companies new investor
- backs 18 venture-backed companies new investor
- Dan Capital new investor
- backs 43 venture-backed companies new investor
- backs 16 venture-backed companies new investor
- backs 15 venture-backed companies new investor
- Powerhouse Capital new investor
- backs 11 venture-backed companies new investor
- Family Office of Ronald Lauder new investor
- UTA new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 2 in Learning, Tutoring & Courses, then Series F rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Learning, Tutoring & Courses | 2 Sep 2020 | $150M | $1.45B | SoftBank |
| BYJU'S Learning, Tutoring & Courses | 27 Aug 2020 | $122M | $10.00B | not named |
| Noom Nutritionists & Weight Loss Specialists | 25 May 2021 | $540M | not disclosed | Silver Lake |
| Vinted Salvage Merchandise & Thrift Stores | 12 May 2021 | $303M | $5.20B | EQT |
| Forter Tech Companies | 25 May 2021 | $300M | $3.00B | Tiger Global Management |
| Collective Health Insurance - Agents, Carriers & Brokers | 4 May 2021 | $280M | $1.50B | Health Care Service Corporation |
| Tech Companies | 11 May 2021 | $100M | $1.70B | Greenspring Associates |
| Glovo Food delivery | 1 Apr 2021 | $530M | not disclosed | Lugard Road Capital and Luxor Capital Group |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did MasterClass raise in its Series F round?
MasterClass raised $225M in its Series F round, announced in May 2021.
Who led MasterClass' Series F round?
Fidelity Management & Research Company led it, with Baillie Gifford, Balyasny Asset Management, Eldridge, Institutional Venture Partners and Javelin Venture Partners and 14 more.
What was MasterClass' valuation at the Series F round?
$2.75B post-money ($2.52B pre-money).