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MasterClass co-founders new educational startup Outlier raises $11.7M

Outlier.org, a startup that allows students to take online classes for college credit, is announcing that it has raised $11.6 million in Series A funding.
GSV Ventures led the round, with participation from Harrison Metal, Tectonic Capital and Jackson Square Ventures. If you add this round to previously undisclosed seed funding led by Harrison Metal, Outlier has now raised a total of $16 million.
As part of the investment, GSVs Julia Stiglitz is joining Outliers board of directors.
Founder and CEO When Outlier launched last year, Rasmussen told me that his goal is to address the growing cost of higher education by offering a more affordable alternative.
The alternative takes the form of entry-level college classes, starting with Calculus I and Introduction to Psychology, which are taught by professors and other instructors from institutions like Yale, MIT, Columbia and Cornell. Theyre also shot specifically for online viewing, and they also include dynamically generated problem sets and one-on-one tutoring.

Outlier only charges $400 per class (that includes all costs, including textbooks), much more affordable than a class youd take a residential college. And if you pass, you get transferrable college credits from the University of Pittsburgh.
The startup held its first classes during the fall semester, and it now says that students in those classes achieved a C grade or better at the same rate as those in comparable courses within traditional classrooms.
Outlier also just MasterClass founder launches Outlier, offering online courses for college credit
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