SKILLSHARE, a New York City-based startup that offers an online directory of video-based lessons, has raised $12 million in Series B funding, reports TechCrunch. Leading the round are Amasia and Omidyar Network, with Union Square Ventures and Spark Capital also participating.
Founded in 2010, Skillshare initially created an online platform where instructors can list local, in-person classes. But a couple years later, the company shifted its focus to allow anyone to teach online classes. (PandoDaily has documented this transition.) Unlike other online learning marketplaces that charge on a per-course basis, Skillshare offers for unlimited access to its 5,000-plus courses for $10 per month. Half of this revenue goes towards a pool for Skillshare teachers, who make money based on number of student enrollments. (Here’s the formula.)