Lands $103 Million In Education

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Over the past two years, as money poured into online education startups, Lynda Weinman sat back and operated her profitable bootstrapped company to little fanfare.

About 2 million members signed up for’s tutorials on web design, photography and business skills.

The company has generated four straight years of 40 percent growth and sales in 2012 that topped $100 million.

The company have not received the publicity of newer ventures such as online higher education startups. is announcing today that it raised $103 million led by Accel Partners and Spectrum Equity.

According to the National Venture Capital Association, no education company dating back to 1980 has raised this much money in a single round.

Only five have raised more than $100 million total, led by Chegg, which has pulled in $193.2 million over 10 financing rounds, the NVCA said.

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