Tel Aviv-based e-learning and career training platform Masterschool, announced the completion of a $100 million seed round to expand its network of partner schools as a means to address the abundance of tech talent shortages around the world.
The round was led by venture capital firm Group 11, alongside participation from investors Target Global, Pitango Ventures, Dynamic Loop Capital, and Sir Ronald Cohen, among several other strategic investors.
Founded in 2019, Masterschool has assembled a network of tech-focused career-training schools in response to the growing volume of IT and other high-tech vacancies cropping up around the world. Through its extensive network, tech creators and industry experts launch schools to teach a series of 6-9 month dynamic courses and curricula that evolve according to market and technology trends to prepare students for careers in high-demand fields, which students pay for only after they are hired. Graduates have been hired by some of the world’s largest tech companies such as Google, Microsoft, and Intel.
Applicants must successfully pass an admission process, which is jointly facilitated by Masterschool researchers and researchers from leading institutions such as the European University Institute and MIT Sloan School of Management. Accepted students can join schools led by recognized experts and industry leaders such as tech industry content creator Charlotte Chaze, data analyst Niklas Steenfatt, and programmer and data scientist Keith Galli. Masterschool also offers students a career accelerator in which mentors work with them to assess relevant job opportunities.
“Masterschool’s mission is to ensure that anyone in the world can build an inspiring career,” said Michael Shurp, co-founder and co-CEO of the platform. “After years of developing and building Masterschool without outside funding, we’re thrilled to bring on a wonderful group of investors who share our mission and believe in our team.”
“The traditional education model is broken, and Masterschool has built a proven and scalable business to rewrite this model,” said Dovi Frances, founding partner at Group 11. “Their growing network of schools empowers students to bypass the financial and operational inefficiencies of legacy education, while also allowing growing companies to address the massive talent shortages we see in the market today. We are proud to back the Masterschool team in this noble mission and truly believe Masterschool will ultimately become the world’s largest career-school network.”