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November 14, 2013 05:35 pm GMT

Now With 2M Users, CreativeLive Lands $21.5M Led By SocialPlusCapital To Bring Free, Live Courses To The World's Entrepreneurs

Screen Shot 2013-11-13 at 5.40.22 PMBeginning with the likes of Khan Academy and Coursera, over the last two years, a new kind of learning has begun to emerge on the Web, bringing with it the promise of affordable, quality education at scale. Looking to capitalize on this fast-growing opportunity in online learning, Chase Jarvis and Craig Swanson launched CreativeLIVE in early 2010 to put a twist on the Khan-inspired, video-focused online learning model. They decided to offer their content not only for free, but totally live, while catering to a particular audience that they knew well: Creative entrepreneurs. Since raising $7.5 million from Greylock and hiring former president of Viacom Digital, Mika Salmi, as the its CEO, CreativeLive has been growing fast. Today, with over 2 million students have consumed more than one billion minutes of CreativeLive’s skills-based learning content, CreativeLive is adding more coin to its coffers. Over the last six months, the team has moved to scale production to keep pace with the growing opportunity in online education and content delivery, building new state-of-the-art studios to broadcast is live, online lessons. With two studios in Seattle and two in San Francisco, CreativeLive is looking to continue its expansion and ramp up its investment on the infrastructure side. To do that, the company has raised $21.5 million of Series B financing in a round led by The Social+Capital Partnership, with participation from existing investor, Greylock Partners, and a handful of others. With this new round, CreativeLive has now raised just under $30 million in about 16 months, which new CEO Mika Salmi tells us the company will use to invest in people, technology and content. When Salmi stepped into his new role as CEO last June, he tells us, CreativeLive had a total of eight full-time employees. Today, that number has grown ten-fold to 80 and, with its new capital, the company will look to continue that expansion, adding to its engineering and data science teams over the next year, he says. Furthermore, though he remained tight-lipped about details, the CreativeLive CEO said that the new investment would become part of a “major investment” the company is making in its technology and infrastructure. It seems that, with four studios (two of them new), the company decided that its time to update its front-end video architecture and player, as well as the back-end support systems that help it produce and display its content. Today, CreativeLive

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