Skillshare Raises Additional Funding From Adobe

Skillshare—the world’s largest online learning community for creativity—today announced funding from Adobe, the global leader in creative software. This latest raise is part of Skillshare’s Series D round announced this summer. To date, Skillshare has raised over $108 million in capital from Union Square Ventures, OMERS Growth Equity, Amasia, Burda Principal Investments and Spero Ventures. OMERS Growth Equity led the Series D fundraising round. Citi served as financial advisor for Skillshare.

A shared commitment to growing a global creative community and promoting digital education has made Adobe and Skillshare natural partners. With this new funding, Skillshare will continue to invest in creating more localized experiences for its international students and enabling more creative discovery for its growing community of 12 million members, while also supporting Skillshare teachers with new tools and opportunities. The funding comes during a banner year for the online learning industry, which is expected to grow into a $375 billion dollar marketplace by 2026.

“We’re excited to deepen our partnership with Adobe,” said CEO Matt Cooper. “We both believe in the incredible power of creativity to transform people’s lives, both on a personal and professional level. 75 percent of Americans participate in a creative hobby, and we want to support creative learners around the world on their journey.”

Source: PR Newswire

Read full article here.