MasterClass is an online education platform offering pre-recorded tutorials and lectures by experts in diverse fields. Founded by David Rogier and Aaron Rasmussen, it operates on a subscription model, providing students access to high-quality instruction from leading figures in their respective industries.
MasterClass officially launched on May 12, 2015, under its current name after initially operating as "Yanka Industries".
MasterClass launched in 2015 with three initial instructors.
MasterClass secured $15 million in funding in 2016.
Aaron Rasmussen, co-founder and CTO, as well as creative director, left MasterClass in January 2017.
MasterClass raised $35 million in funding in 2017.
Twelve new classes were added to MasterClass in 2017. Later that year, Kevin Spacey's acting class was removed due to sexual assault allegations against him.
MasterClass added support for mobile devices in April 2018, making the platform accessible to a wider audience.
MasterClass raised $80 million in funding in 2018.
David Schriber joined MasterClass as Chief Marketing Officer in June 2019.
Dominique Ansel's MasterClass on French pastries won a James Beard Foundation Broadcast Media Award in the Online Video, Fixed Location and/or Instructional category in 2019.
In 2019, MasterClass expanded its course offerings into new subject areas including politics, economics, and video game design.
In May 2020, MasterClass raised $100 million in a Series E funding round led by Fidelity Investments, bringing total funding to about $240 million.
MasterClass won two Webby Awards in 2020: one for Education & Reference in the Apps, Mobile & Voice category and another for Media Streaming in the Web category.
In May 2021, MasterClass raised $225 million in a Series F funding round, resulting in a $2.75 billion valuation.
MasterClass received two Webby Awards and a Webby People's Voice Award in 2021.
Citing a worsening macroeconomic environment, MasterClass laid off 20% of its staff in June 2022.
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