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About Outschool
Industries
Education
Company Size
1,001-5,000
Company Stage
Series D
Total Funding
$233.6M
Headquarters
San Francisco, California
Founded
2015
Overview
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 that cover 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, from which it takes a commission. This approach enables Outschool to offer a diverse range of classes tailored to the interests and needs of students. The company aims to expand its offerings and improve its platform, as evidenced by its recent funding and commitment to supporting educators.
Simplify's Take
What believers are saying
- Outschool's partnership with OpenAI enhances its AI capabilities for educational tools.
- The global online tutoring market growth supports Outschool's expansion into one-on-one tutoring.
- Increased demand for personalized learning experiences boosts Outschool's market potential.
What critics are saying
- Increased competition from established tutoring platforms may impact Outschool's market share.
- Recent layoffs could indicate financial instability or strategic restructuring challenges.
- AI tool introduction may face resistance from educators concerned about teaching quality.
What makes Outschool unique
- Outschool offers a unique marketplace model connecting teachers with students globally.
- The platform provides a wide range of classes, from academics to creative pursuits.
- Outschool's AI Teaching Assistant streamlines administrative tasks for educators.
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Funding
Total Funding
$233.6M
Above
Industry Average
Funded Over
5 Rounds
Tiger Global
SV Angel
Coatue Management
Lightspeed Venture Partners
Y CombinatorIndustry standards
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.
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 0%2 year growth
↑ 0%Outschool laid off a quarter of staff, or 43 people, earlier this week, according to an e-mail obtained by TechCrunch.
Outschool has been named Fast Company's most innovative EdTech company in the world, and one of the top ten best startups for women from Elpha.
Strive Academics, LLC is partnering with Outschool to bring online group classes to students around the world.
Wang joins Outschool to support continued accelerated growthSAN FRANCISCO, Nov. 9, 2023 /PRNewswire/ -- Leading online learning platform Outschool , is pleased to announce the hiring of Xueyan Wang as the company's new Chief Operating Officer. Wang brings with her over fifteen years of experience building high performing teams, leading organizational change and driving global expansion in both startup and established companies.Xueyan Wang joins Outschool as New Chief Operating Officer to support continued accelerated growth.Most recently, as SVP of Services and Business Operations at Coursera, Wang helped build up and expand the company's product, content, and customer operations around the globe. She played a pivotal role in scaling the company's operations with laser focus on customer success and cost effectiveness. Wang was also integral in helping to grow Coursera's revenue and aided in taking the company from a small start-up through a successful IPO. Prior to Coursera, Wang served as a long-time veteran of Google."We are excited that Xueyan has joined the Outschool team," said Amir Nathoo, Outschool CEO
Outschool has partnered with OpenAI, a prominent artificial intelligence research laboratory, to develop the AI Teaching Assistant.
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About Outschool
Industries
Education
Company Size
1,001-5,000
Company Stage
Series D
Total Funding
$233.6M
Headquarters
San Francisco, California
Founded
2015
Outschool is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today