This news comes on the heels of its Series D round. Domestika plans to use the funding to offer courses in additional languages. Here are the top-line bullets you need to know.
Domestika, an online course marketplace for creatives, has raised $110M in a Series D. The round drew participation from Zeev Ventures and GSV Ventures, among others.
How’s the company performing?
- California-based Domestika provides online courses to help users enhance their creative knowledge and skills.
- It offers around 2K courses from 1,300 different creative experts. It has published more than 13M courses to date, and it introduces over 110 new courses every month, on average.
- The creative community has studios across 12 geographical locations, including France, Italy, Germany, Spain, the US, and the UK.
- More than 8M people use the platform to take creative courses in French, Italian, German, Spanish, Polish, Dutch, Portuguese, and English.
- The company is currently supported by a team of 800 employees.
Source: Domestika
Why does the market matter?
- The education technology market is expected to reach a value of $377.9B by 2028, growing at a CAGR of 19.9%, according to Grand View Research.
- Global annual spending on education technology is projected to reach $342B by 2025, according to HolonIQ.
- Edtech solutions are increasingly being adopted to lower content production costs and increase geographical reach.
- The demand for virtual programming and online education has increased amid the pandemic, driving market growth.
