TakeLessons Raises $4 Million
TakeLessons is an online marketplace for music lessons. The company has announced that they have raised $4 million in funding, thus hitting $12 million total. Triangle Peak Partners led the round of funding with participation from Siemer Ventures, Crosslink Capital, and SoftTech VC.
TakeLessons founder and CEO Steven Cox said”this new investment will aid our continued growth and leadership in the music space and will fuel our platform expansion into new marketplaces, including tutoring and the other performing arts.”
The company has paid out over $10 million to music teachers that help students in over 3,000 cities. The company launched a new tutoring marketplace in San Diego recently and will soon start serving Austin, Las Vegas, Denver, and Sacramento by the end of Q1.
TakeLessons has a platform called Online Lesson that allows for flexible scheduling and helps deal with geographic constraints. The funds from this round will be used for product development and improving the lesson experience for teachers and students.
“We’re committed to helping teachers make a living doing what they love to do,” stated TakeLessons Chief Revenue Officer Alan Cole. “This funding will support investment in our tools that allow private instructors to acquire and retain the best students.”