SkillShare Is Closing A Round Of Funding At A “Healthy” Valuation

Michael Karnjanaprakorn, SkillShare cofounder

Four sources tell us that Skillshare, a startup that lets anyone teach a class, is finishing up a round of funding from “some excellent investors at a healthy valuation.”The money isn’t technically “closed” because money isn’t in the bank. But we have it on good authority that term sheets have been signed and investors have been selected. Gigaom speculates that those investors are Union Square Ventures and Spark Capital.

Last January, the NYC startup raised $550,000 from Founder Collective, SV Angel, Collaborative Fund, TechStars’ David Tisch, Seamless’ Jason Finger, and Meetup’s Scott Heiferman.

“I think SkillShare will be an important property led by a very talented team with an inventory acquisition approach similar to the one we pioneered at SeamlessWeb,” says Jason Finger, who is invested and involved in the company. “SkillShare is augmented by an active community.”

To date, the community education site has had 500 teachers use the service and 2,500+ students pay for classes.

Skillshare was one of the 25 NYC startups we told you to watch last month.

When we spoke to cofounder Michael Karnjanaprokorn today about the round, he said Skillshare had “no comment.”