- Since Launching in January 2021, Instructors Have Sold Over $1 Million Worth of Courses on Maven.
Maven, a platform for cohort-based courses created by the founders of Udemy, altMBA, and Socratic, announced $20 million in Series A funding led by Andreessen Horowitz.
Maven works with the world’s leading creators, including Li Jin, Lenny Rachitsky, and Sahil Lavingia, to help them create online courses centered around interaction, community, and accountability. These courses enable creators to deepen relationships with their audience while simultaneously earning significant income. In just the first three months after launch, four Maven courses each earned over $100,000. These cohort-based courses, where people learn together at the same time, also deliver more impact and higher completion rates than video-based online learning.
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Founded by veteran founders Gagan Biyani, Wes Kao, and Shreyans Bhansali, Maven centralizes the suite of tools needed to create and run a cohort-based course so that instructors can focus on teaching.
“There are thousands of experts, creators, and practitioners around the world who have valuable knowledge to share but aren’t traditional professors,” said Gagan Biyani, CEO and co-founder of Maven. “We’re creating the university of the future, built around these 21st century professors. We couldn’t ask for a better partner than Andrew Chen and Andreessen Horowitz to join us on that journey.”
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“Cohort-based courses are the next evolution of online learning,” said Wes Kao, co-founder of Maven. “They combine the convenience and accessibility of the internet with the hands-on learning of the best traditional education. While MOOCs have a 7-10% completion rate, cohort-based courses have a more than 75% completion rate, along with significantly higher student satisfaction. For students, it’s the best of both worlds.”
“The team at Maven is on to something huge with cohort-based courses: they represent a new monetization model for creators that is powerful for both the learners and the instructors,” said Andrew Chen, a General Partner at Andreessen Horowitz who is joining the company’s board of directors. “We’re thrilled to work with the Maven team to help them realize this vision.”
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