Studio raises $50 million for online courses
Studio – a Los Angeles-based online learning platform that, like Masterclass, allows people to learn creative skills from renowned professional artists and artisans – announced a new funding round of $50 million dollars and a rebranding that saw it drop its former name, Monthly.
San Francisco-based Human Capital led the Series B round and was joined by investors including Forerunner Ventures, Greenoaks Capital and Jeffrey Katzenberg’s WndrCo, as well as Airbnb co-founder Joe Gebbia, the co -Instagram founder Mike Krieger and LinkedIn president Jeff Weiner.
The startup was previously known as Monthly because of the 30-day online courses it offers customers, who can learn everything from baking to songwriting from accomplished instructors like the chef of the Milk Bar Christina Tosi and Grammy-nominated singer-songwriter Charlie Puth.
Although the company has changed its name, Studio will maintain its month-long class model while continuing to expand its offerings – with upcoming classes taught by artists like illusionist David Blaine, music artist HER and Broadway actress and singer Idina Menzel.
Since launching in 2019, the startup says its courses have been taken by “hundreds of thousands” of students worldwide, who have produced and shared “more than half a million creative works” on its platform. .
“We’re excited to continue investing in experiences that support people’s creative side, furthering our mission to make creative flourishing accessible to everyone,” Studio co-founder and CEO Max Deutsch said in a statement. .
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