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MasterClass, which sells subscriptions to online courses taught by experts, is raising new funding led by Fidelity at a $2.5 billion valuation, Axios has learned.
The big picture: Online content boomed during the pandemic as people were stuck at home.
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On the other hand, the pandemic presented production challenges to companies like MasterClass, particularly in terms of filming new content.
Details: San Francisco-based MasterClass last raised money in mid-2020 in another Fidelity-led round, at a reported $800 million valuation.
Its instructive courses have featured Spike Lee, Christina Aguilera, Serena Williams, Neil deGrasse Tyson and Gordon Ramsey.
The company didn't respond to Axios' request for comment.
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