The NY-based startup Outlier has developed various courses to create an impressive student learning experience. This startup is founded by Masterclass cofounders and this site allows students to take various online classes for college credit. At present, the company is announcing that it has raised a huge sum of $11.7 million in Series A funding.
To discuss further the funding process the GSV Ventures led the round, with contribution from Tectonic Capital, Harrison Metal, and Jackson Square Ventures. If you add this encircling to formerly undisclosed seed funding raised by the company then Outlier has now raised a total of $16 million.
According to the latest reports, GSV’s Ventures Julia Stiglitz is also joining Outlier’s board of directors. To make Outlier a much-renowned learning platform for the students Founder and CEO Aaron Rasmussen previously used various marketing ways to make online learning famous. The online higher education platform has announced closed on an $11.7 million Series.
“The mission of Outlier is to provide access to high-quality education and reduce student debt,” said Aaron Rasmussen, the founder, and CEO. “The best way to do that is to make a very high-quality education system and charge very little for it. So, that’s exactly what we do.”
The NY-based startup Outlier was launched last year, Rasmussen told me his objective is to tackle the growing cost of higher education by offering a more reasonably priced alternative.
The option takes the shape of beginner-level College starting with Calculus. The classes are taken by highly experienced professors and other instructors from institutions like MIT, Yale, Columbia, and Cornell. They’re also shot particularly for online viewing, and they comprise enthusiastically generated dilemma sets and one-on-one tutoring.
At present, the online learning platform Outlier only charges $400 per class and these costs comprise all costs, including textbooks which are much more reasonable than a class you’d take at a residential college. And if you go by, you get transportable college recognition from the University of Pittsburgh.
The Outlier started its first classes during the autumn season, and it now says that students in those lessons “achieved a C grade or better at the same rate as those in comparable courses within traditional classrooms.”
At present, the start-up is trying to extend its partnership with the University of Pittsburgh for the spring and summer terms of 2020.
“Our mission is to increase access to high-quality education and reduce student debt,” Rasmussen said in a statement (an American polling and publication company). “With this funding and the insight that we have gained from our two pilot courses in the 2019 fall semester, we will continue building more intro-level courses and expanding to accommodate more students and more experts in their fields who can provide top-quality education at a reasonable cost.”
For now, the company is planning to use the maximum part of the funding to add more learning courses and employ more skilled people. Also, the NY-based startup is now accepting the applications for the Spring 2020 semester, which usually starts in January month.