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About
Outschool provides an online learning platform for children aged 3 to 18, offering live, interactive classes led by experienced educators. The platform is designed to enhance traditional schooling or support homeschooling by providing flexible learning options. Parents can browse a variety of classes covering academic subjects, creative arts, and afterschool activities, allowing them to supplement their child's education with specialized topics not typically found in schools. Outschool operates on a marketplace model, connecting teachers with students and generating revenue through class fees, taking a commission from each enrollment. This approach allows for a diverse range of classes tailored to the interests of students. The company aims to expand its offerings and improve its platform, as evidenced by its recent funding and commitment to supporting educators.
Company Stage
Series D
Employees
1,001-5,000
Industries
Education
Total Funding
$233.6M
Headquarters
N/A
Founded
2015
Simplify's Take
What believers are saying
- Outschool's rapid growth and high valuation, bolstered by significant funding rounds, indicate strong market confidence and potential for continued expansion.
- The addition of experienced leaders like Xueyan Wang and Kapil Agrawal to the executive team strengthens Outschool's strategic and operational capabilities.
- Innovative tools like the AI Teaching Assistant enhance the platform's value proposition by improving teacher efficiency and parent communication.
What critics are saying
- The recent layoff of 18% of its workforce suggests potential instability and challenges in managing rapid growth.
- Entering the competitive tutoring market puts Outschool in direct competition with established players like Varsity Tutors and Tutor.com.
What makes Outschool unique
- Outschool's marketplace model uniquely connects teachers directly with students, offering a wide range of live, interactive classes that cater to diverse interests and needs.
- The platform's commitment to supporting educators, including a 2% stock allocation to an educator fund, sets it apart in the EdTech space.
- Recent partnerships with organizations like OpenAI and Reconstruction highlight Outschool's focus on innovation and diversity in education.
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6 month growth
↓ -2%1 year growth
↓ -1%2 year growth
↓ -5%Benefits
Shared Financial Success - Competitive salaries, stock options and a 401(k) that makes saving for retirement easier.
Health and Wellness - Comprehensive health, dental, vision, disability, and life insurance coverage options for employees and their families. Our medical benefits include fertility and family planning coverage. We also provide employees with online access to coaching and therapy sessions through our partner, Modern Health.
PTO and Family Benefits - PTO and family leave enable our team to take the time that we need to recharge, relax, and spend time with family and friends.
Fully Distributed - With a team distributed across the US and Canada, we create a remote culture through expensable weekly meals, virtual events, expensable home office setup, and internet allowance.
Lifelong Learners - Annual budget to self-direct our professional development as well as DEI learning. There’s also a budget for employees’ learners to take classes on Outschool!
Community Impact - Outschool matches employee donations to established 501c3s, and has committed to donating $3M to Outschool.org non profit programs.
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