Studio Raises $50 Million for Online Courses Taught by Famous Creatives
Decerry Donato is a reporter at dot.LA. Prior to that, she was an editorial fellow at the company. Decerry received her bachelor's degree in literary journalism from the University of California, Irvine. She continues to write stories to inform the community about issues or events that take place in the L.A. area. On the weekends, she can be found hiking in the Angeles National forest or sifting through racks at your local thrift store.
Studio—a Los Angeles-based online learning platform that, like Masterclass, lets people learn creative skills from renowned professional artists and artisans—has announced a new $50 million funding round and a rebrand that has seen it ditch its old name, Monthly.
San Francisco-based Human Capital led the Series B round and was joined by investors including Forerunner Ventures, Greenoaks Capital and Jeffrey Katzenberg’s WndrCo, as well as the likes of Airbnb co-founder Joe Gebbia, Instagram co-founder Mike Krieger and LinkedIn chairman Jeff Weiner.
The startup was formerly known as Monthly due to the 30-day online courses it offers customers, who can learn about everything from baking to songwriting from accomplished instructors like Milk Bar chef Christina Tosi and Grammy-nominated singer-songwriter Charlie Puth.
While the company has changed its name, Studio will maintain its month-long course model as it continues to expand its offerings—with upcoming classes being taught by the likes of illusionist David Blaine, musical artist H.E.R. and Broadway actress and singer Idina Menzel.
Since launching in 2019, the startup says its courses have been taken by “hundreds of thousands” of students globally, who have produced and shared “over half a million creative works” on its platform.
“We're excited to continue investing in experiences that support people's creative sides, furthering our mission to make creative fulfillment attainable to everyone,” Studio co-founder and CEO Max Deutsch said in a statement.
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Decerry Donato is a reporter at dot.LA. Prior to that, she was an editorial fellow at the company. Decerry received her bachelor's degree in literary journalism from the University of California, Irvine. She continues to write stories to inform the community about issues or events that take place in the L.A. area. On the weekends, she can be found hiking in the Angeles National forest or sifting through racks at your local thrift store.
