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Online education startup MasterClass secures $100M in series E round

Yanka Industries Inc., doing business as MasterClass, obtained $100 million in a series E funding round led by Fidelity Management & Research Co. LLC, TechCrunch reported.

New investors such as Owl Ventures and 01 Advisors, as well as existing backers New Enterprise Associates Inc., Institutional Venture Partners, Atomico Investment Holdings Ltd. and NextEquity Partners also participated in the round.

MasterClass is a startup offering classes taught by celebrities and experts in various fields. CEO and co-founder David Rogier said his firm will use the fresh capital to develop new classes and to increase production to one class per week, the report noted.