Take Lessons Raises $4M in Expanded Round, Plans Expanded Services
After raising $6 million in mid-2011, San Diego’s TakeLessons says today it has raised another $4 million to improve its online services for music teachers and students, and to move into related markets.
The follow-on Series A financing, led by Triangle Peak Partners of Palo Alto, CA, brings the company’s total venture funding to more than $12 million. Siemer Ventures joined in the expanded funding, along with existing investors San Francisco-based Crosslink Capital and SoftTech VC of Palo Alto, CA.
In a statement from the company, founder and CEO Steve Cox says, “this new investment will aid our continued growth and leadership in the music space and will fuel our platform expansion into new marketplaces, including tutoring and the other performing arts.”
Cox, a musician former executive at San Diego’s CollegeClub.com, founded the startup in 2006 to operate as a Web platform and online marketplace that connects certified music instructors to students in more than 3,000 U.S. cities. The company’s Online Lesson platform enables students to search for a teacher by location, instrument, availability, background, and age. Students can arrange an in-person lesson or schedule one online.
In addition to expanding its music education services, TakeLessons plans to provide an online marketplace for tutoring this month in San Diego, expanding into Austin, Las Vegas, Sacramento, and Denver by the end of March.