- CreativeLIVE, a Seattle-based social learning startup which began in 2010, announced that it has closed a round of Series A financing, which was led by Greylock.
- The company provides video classes on a variety of instructional topics, including business, photography and design.
- CreativeLIVE has also named Mika Salmi, former president of Viacom Digital, as its new CEO.
From the article:
"... Today, creativeLIVE is officially pulling back the curtain on its global classroom and announcing that it has closed $7.5 million Series A financing led by Greylock, with Greylock partner James Slavet joining the startup’s board of directors. In addition to its raise, creativeLIVE has also made Mika Salmi, the former president of Viacom Digital, its new CEO.
Other than its recent investment in Edmodo, Greylock’s investments in education have been few and far between. But Slavet tells TechCrunch that continuing education is a $100 billion industry and one that still lacks market-defining players. ..."