Outschool, the edtech business that provides small online classes to kids 3 to 18 years old, raised $110 million in a Series D round in October. The round was lead by Tiger Global Management and will help the business scale growth. This follows a $75 million Series C round earlier this year in April. The company is now valued at $3 billion.
Outschool saw dramatic growth to their website traffic at the beginning of the pandemic, going from an estimated 276,000 visitors in February 2020 to 1,762,000 by July representing a 6X growth in just five months. However, traffic has plateaued and even declined since hitting that highmark in July.
Outschool Estimated Traffic (Jan 2019 – July 2020)
Outschool Estimated Traffic (July 2020 – Nov 2021)
It will be interesting to see how they use the $185 million to continue their growth. Subscribe to Website IQ to get access weekly and daily traffic charts for the most up-to-date website traffic trends for outschool.com.