Total amount raised
$46.5 Millions
Latest funding date
12/01/2023
Location
Subject has successfully raised funds through a Series A round, attracting notable investors such as Hannah Grey and Kleiner Perkins. The platform offers a video-first, interactive online learning experience designed to enhance student engagement and improve educational outcomes.
Keep reading to explore the intricacies of Subject's fundraising journey and the investors backing this innovative educational platform.
What Is Subject?
Subject, founded on October 8, 2020, is an innovative company in the online education sector. Located in Beverly Hills, California, it offers a cinematic curriculum designed to engage and empower students. The company operates with a team of 11-50 employees.
Founded by Felix Ruano, Jonathan Quiros, and Michael Vilardo, Subject aims to revolutionize education through immersive, multimedia experiences. The platform provides solutions for initial credit, credit recovery, and multilingual support, trusted by over 200 schools and districts.
How Much Funding Has Subject Raised?
- Pre-Seed Round
- Amount Raised: $1.3M
- Date: March 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the initial development and launch of the platform.
- Seed Round
- Amount Raised: $4M
- Date: April 2021
- Lead Investors: Kleiner Perkins
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the initial growth and development of the platform, including expanding the team and establishing partnerships with schools and districts.
- Series A Round
- Amount Raised: $29.4M
- Date: March 2022
- Lead Investors: Owl Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand access to learning opportunities, enhance the platform's features, and support the company's growth and partnerships with schools and districts.
- Series A Round
- Amount Raised: $11.8M
- Date: December 2023
- Lead Investors: Owl Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale the platform and enhance its offerings to meet growing demand.
Total Amount Raised: $46.5M. Current Valuation: Not publicly disclosed.
Key Investors
- Owl Ventures
- Details: Owl Ventures is a venture capital firm that focuses on investing in education technology companies. Tory Patterson, Managing Director and Co-Founder, has joined Subject's Board of Directors.
- Investment Focus Areas: Education technology, innovative learning solutions.
- Notable Investments: MasterClass, Byju's, Quizlet.
- Kleiner Perkins
- Details: Kleiner Perkins is a well-known venture capital firm that invests in various sectors, including technology and innovation. They participated in both the Series A and the previous seed round for Subject.
- Investment Focus Areas: Technology, life sciences, high-growth sectors.
- Notable Investments: Google, Amazon, Twitter.
- SoftBank Group
- Details: SoftBank Group is a global conglomerate with a focus on technology investments. They participated in both the Series A and the previous seed round for Subject.
- Investment Focus Areas: Technology, telecommunications, internet services.
- Notable Investments: Uber, WeWork, Alibaba.
- Hispanic Scholarship Fund
- Details: The Hispanic Scholarship Fund provides scholarships and support to Hispanic students. They participated in the Series A funding round for Subject.
- Investment Focus Areas: Education, support for Hispanic students.
- Notable Investments: Primarily focused on scholarships and educational programs.
- Moving Capital
- Details: Moving Capital is a venture capital firm that invests in innovative and high-growth potential companies. They participated in the Series A funding round for Subject.
- Investment Focus Areas: Various sectors, high-growth opportunities.
- Notable Investments: Various early-stage and growth-stage companies.
What's Next for Subject?
Subject is poised to capitalize on the growing demand for digital learning platforms, with opportunities to expand its partnerships with schools and districts. The platform's accredited video courses and support services for learners and educators position it well to address key educational needs such as credit recovery and course expansion.
With significant financial backing from investors like Owl Ventures and Kleiner Perkins, Subject is well-positioned for future fundraising rounds. The company's growth trajectory suggests potential for further investment to enhance its offerings and scale operations. However, challenges such as competition from other edtech companies and maintaining the quality of its curriculum will need to be navigated carefully.
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