EdTech Startup Gains $28 Million in Series C Funding

Skillshare, an online learning community with thousands of classes in creative, business, and tech disciplines, closed $28 million in a Series C financing round that included $20 million in equity funding and $8 million in venture debt. Union Square Ventures, which previously participated in Skillshare’s earlier funding rounds, led the equity portion of the financing. Joining Skillshare’s existing investors Amasia and Spero Ventures was Burda Principal Investments, the investment arm of Hubert Burda Media, one of Germany’s largest media and tech companies.

According to the company, Skillshare’s platform boasts five million users and 20,000 classes taught by a network of 6,000 experts across dozens of fields. It plans to use the financing to accelerate growth and expand its learning ecosystem, which serves the growing independent workforce.