Skillshare Raises $3.1 Million From Union Square Ventures and Spark Capital

Posted Aug 17, 2011

Skillshare is a P2P learning company that has raised $3.1 million in funding from Union Square Ventures and Spark Capital. Skillshare is a platform that can help turn anyone into a teacher. Users can offer their own offline classes based on their skill. Skillshare takes 15% of the revenue.

Skillshare organized about 500 classes in New York with 2,500 students. Skillshare plans on using the additional funding to expand outside of New York. They are branching out to San Francisco and Philadelphia so far. The company plants to expand to Boston, Portland, Seattle, L.A., and New Orleans later this year.

Skillshare co-founder and CEO Michael Karnjanaprakorn believes Skillshare can continue to grow and start building physical schools. Fred Wilson of Union Square plans on offering MBA Mondays classes on the website this fall. Skillshare previously raised $550,000 in a seed round of funding from Founder Collective, SV Angel, and other angel investors.