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CourseHorse Raises $4 Million From Red Ventures To Accelerate New Market Expansion

NEW YORK, Jan. 13, 2016 /PRNewswire/ -- CourseHorse, the leading marketplace that helps people discover and enroll in trusted local classes, today announced it has raised $4 million in funding led by Red Ventures, a South Carolina based leading technology and marketing company. Existing investors also participated in the round.

Ranging from casual programs, such as cooking and art, to professional courses, like finance and programming, CourseHorse works with more than 1,500 class providers, offering 70,000 classes to 200,000 members, nationwide. Since 2014, during which time Forbesnamed it one of "America's Most Promising Companies" and the company raised its last seed funding, CourseHorse has tripled its monthly net revenue and inventory, as well as doubled its user base.

"We're constantly seeking new ways to enhance our offerings to CourseHorse's community of students and educators, while deepening our footprint as the leading marketplace for local classes," said CourseHorse CEO & Co-founder Nihal Parthasarathi. "Leveraging Red Ventures' deep expertise in technology and marketing will enable us to grow our community – and team – faster and more efficiently."

The company will use the $4 million Series B investment to accelerate new market expansion beyond New York City, Los Angeles, andChicago, and expand its engineering team to build out its product offerings.

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