's educational videos attract $103 million in new financing

January 16, 2013

Dive Summary:

  • Online learning through video continues to attract investment with announcing today that it has raised an additional $103 million in a funding round led by Accel Partners and Spectrum Equity.
  • Bloomberg reports that the new round represents the "largest U.S. venture financing round on record for an online education company."
  • The site currently claims 2 million members and more than $100 million in sales from 2012 alone.

From the article:

Over the past two years, as money poured into online education startups, Lynda Weinman sat back and operated her profitable bootstrapped company to little fanfare. With 2 million members signed up for’s tutorials on web design, photography and business skills, the company has generated four straight years of 40 percent growth and sales in 2012 that topped $100 million. ...

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