Craftsy, a Denver, CO-based platform for creative enthusiasts, raised over $50m in its fourth round of funding.
The round was led by Stripes Group with participation from existing investors Foundry Group, Tiger Global, Adams St. Partners, Access Venture Partners and Silicon Valley Bank.
The company intends to use the funds for strategic growth.
Founded in 2010 by John Levisay, CEO, Craftsy operates an online platform for makers to learn, create and share. It features online classes in quilting, sewing, knitting, cake decorating, drawing, painting, cooking, photography and other categories, indie patterns, supplies and project kits, which allows over five million creatives from over 180 countries to improve their skills.
Craftsy currently offers over 550 full-length HD courses across 16 categories, and will add over 500 more in the next year.
The company is working with major retailers and consumer packaged goods manufacturers in its current categories.
FinSMEs
14/11/2014