# Openmind Learning

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/openmind-learning

- Industry: Education/Training
- Headquarters: Los Angeles, US
- Website: www.studio.com
- Total disclosed funding: $51M
- Latest round: Series B (Apr 12, 2022)
- Investors on record: 7

## About

Openmind Learning, Inc. specializes in delivering creative online learning opportunities across diverse fields, including music and arts, through interactive classes led by industry experts.Openmind Learning, Inc., founded in 2017 and headquartered in Los Angeles, US, focuses on providing immersive online learning experiences. The company has undergone strategic pivots to enhance its course offerings. The firm has successfully closed 5 deals, with the latest being a Series B funding round in April 2022, raising USD 50.00 mn led by Human Capital, with participation from Forerunner Ventures, Greenoaks Capital, and WndrCo. The company was co-founded by a team including Jona Gonzalez, who has experience in educational technology ventures.The company offers a diverse range of online learning classes designed to enhance creativity and skills across various fields, with a primary focus on music, filmmaking, baking, and performing arts. Their core product offerings include hands-on classes led by industry leaders and renowned practitioners, providing insights into their respective fields. The learning experience is structured around interactive video lessons, enabling users to engage directly with content and apply learned techniques in real-time. The platform serves a wide customer base, including aspiring musicians, filmmakers, bakers, and other creative individuals eager to enhance their skills. Geographically, the company caters to a global audience, making its offerings accessible in markets such as North America, Europe, and Asia, reflecting a commitment to providing value to creatives regardless of location.Revenue generation for the company is primarily derived from individual class purchases and bundled course collections, enabling clients to select specific classes or comprehensive learning paths. The transaction structure is direct-to-consumer, with users able to purchase classes on a per-class basis or opt for package deals that offer multiple courses at a discounted rate. Pricing for individual classes typically ranges from USD 99.99 to USD 499.99, depending on the course content and the instructor's reputation. Flagship offerings include classes taught by notable figures in the industry, such as Charlie Puth and Casey Neistat, which highlight the company's emphasis on high-quality instruction. This revenue model reflects a strategic focus on delivering compelling educational content while fostering direct engagement with its audience.In April 2022, Openmind Learning, Inc. raised USD 50.00 mn in Series B funding, led by Human Capital, with participation from Forerunner Ventures, Greenoaks Capital, and WndrCo. The company plans to utilize this funding to expand its course offerings and introduce additional courses aimed at enhancing its educational portfolio. Openmind Learning aims to penetrate new markets, with a focus on expanding its presence in European and Asian regions by 2023.

## Funding rounds

- Series B, Apr 12, 2022, $50M — Forerunner Ventures, Greenoaks Capital, WndrCo, Human Capital
- Series B, Apr 1, 2021 — Human Capital, Next Play Ventures
- Series A, Aug 1, 2020 — Human Capital
- Seed, Aug 1, 2018 — Floodgate, OVO Fund, Human Capital
- Seed, Sep 12, 2017, $0.6M — OVO Fund

## Investors

- OVO Fund (https://capitalatlas.ai/funds/ovo-fund) — Seed
- Floodgate (https://capitalatlas.ai/funds/floodgate) — Seed
- Human Capital (https://capitalatlas.ai/funds/human-capital) — Seed, Series A, Series B
- Next Play Ventures (https://capitalatlas.ai/funds/next-play-ventures) — Series B
- Forerunner Ventures (https://capitalatlas.ai/funds/forerunner-ventures) — Series B
- Greenoaks Capital (https://capitalatlas.ai/funds/greenoaks-capital) — Series B
- WndrCo (https://capitalatlas.ai/funds/wndrco) — Series B