Online learning, also known as e-learning, is booming. Market research firm Global Industry Analysts projects it will reach $107 Billion in 2015. More traditional methods of training or education are not going away, not yet, but organizations of all types, from public schools to corporations, are opting to train and inform via the web. Pluralsight, an online training service for technology professionals, announced today it has closed $135 million in Series B funding.
In 2013, Lynda.com, the online learning giant and arguably the 800-pound gorilla in the e-learning space, took in $103 million in growth equity from Accel Partners and Spectrum Equity. Subscription Content reported that the site already had $100 million in revenues with two million subscribers. The Lynda service has amassed more than 83,000 instructional videos, mainly on software and web development, but a quick look now shows a wider range of design photography to 3D animation. Content is still the winning card for this market and Lynda just announced the acquisition of Phoenix-based Interface TILE +0.74% Technical Training; adding more than 2,500 videos teaching business, technology, and creative skills to its own collection. They have an annual fee with unlimited access to all its videos.
Disclosure: Last year, I paid for a one-month access at Lynda.com and they later provided me with a short-term media access account, which due to work obligations I was not able to use except to scan the libraries of available content.
Forbes staffer Alex Konrad cited some venture capitalists on the state of e-learning (as well as other hot tech trends), in his post: Top VCs Predict Where They’ll Invest Their Money In 2014. Here’s a quick look from two of his VC experts: