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Announced

Completed

Fidelity Management & Research Company led a $225m Series F round in MasterClass.

Financials

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Transaction Value£159m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Minority

Single Bidder

Acquisition

edtech

Private

Completed

online education

Education Services

Domestic

education platform

education technology

Private Equity

Friendly

United States

Synopsis

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Fidelity Management & Research Company, a private equity firm, led a $225m Series F round in MasterClass, an online education streaming platform. Additional investors include Baillie Gifford, Balyasny Asset Management, Eldridge, IVP, Javelin, NEA, 01 Advisors, Atomico, Bonnier, Cleo Capital, Dan Capital, NewView Capital, NextEquity Partners, Outlier Ventures, Powerhouse Capital, RPS Ventures, Family Office of Ronald Lauder and UTA Ventures. "Over the past several years we have seen a surge in subscriber growth as people are driven to fulfill their desire for lifelong learning outside of the confines of traditional education - MasterClass enables that, with our incredible roster of instructors, cinematic production capabilities and singular focus on restoring the joy of learning. We are grateful to our investors for their support and this new funding, which will enable us to enhance our global offering for subscribers and capture the meaningful market opportunity we see," David Rogier, MasterClass Founder and CEO.

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