The Bottom Line: NewSpring’s Investment in Skillshare
October 29, 2020
NewSpring, a family of private equity strategies, announced today that NewSpring Growth, the Firm’s dedicated growth and expansion strategy, has invested in Skillshare.
COVID-19 is further accelerating the online learning market’s fast growth
Over the last several years, the global e-learning and development market has grown into a $375 billion market. With in-person learning largely shut down during the pandemic and people spending more time at home, online creative learning has exploded as a form of entertainment and personal development. As an early leader in this business, Skillshare has ample room to grow as it continues to add content to its platform and extend its reach to more subscribers in the U.S. and abroad.
“Skillshare has built a highly-scalable content creation model that draws in teachers and content creators to support the company’s growth as more individuals turn to online learning for professional and creative development. With its growing presence internationally and in the enterprise space, the company has strategically targeted largely untapped markets for growth and is well-positioned to capture a meaningful share in these areas. We’re thrilled to see where this business goes as more people around the world continue to pursue their creative passions.”
“It is estimated that nearly 4 billion people across the globe have a creative profession or passion. At Skillshare, we’re working to make sure all of those people have access to training and support that enables them to harness that creative energy and put it into real-life practice. With our new partners at NewSpring, we’re thrilled to continue growing our business by bringing creative learning to the world.”