San Francisco, California based online learning platform, GetSetUp has secured $10 million through “simple agreement for future equity” (SAFE) warrants from Aileen Lee’s Cowboy Ventures and LightShed Ventures.
This follows an $11 million seed round last October led by edtech investing firm Rethink Education with participation from Yahoo co-founder Jerry Yang’s AME Cloud Ventures.
Speaking about the funding in GetSetUp, Rich Greenfield, Partner at LightShed Ventures said, “The media and tech world has largely ignored older adults, with their obsession around millennials and GenZ. GetSetUp has created a first-of-its-kind media and content platform to improve the health, wellness, and knowledge of the over 50 population globally.”
“GetSetUp creates a community that actively engages its members, building their confidence with technology that opens an endless array of new opportunities. LightShed Ventures views GetSetUp as a huge business, but also one that is making the world a better place for all of us as we age,” he added.
Commenting on joining the funding round, Aileen Lee, Founder & Managing Partner of Cowboy Ventures said, “I asked my 80-year-old mother to take a virtual class on the platform. A day later, my mother had become infatuated with courses on exercising, speaking Mandarin, and making Indian food.”
“She made friends, including the teacher in the food class, who lives in India, and a fellow participant who was learning skills from a hospital bed. My mom has been calling it ‘GSU’ like it’s a university. It became imperative to see through the growth of such an inclusive and an excellent platform for older adults,” Lee added.
Further speaking on the fundraise, Deval Delivala, Co-founder & SVP of GetSetUp added, “We are excited to use this next round of funding to further adapt our technology to meet the needs of seniors around the globe. In the upcoming year, I’m looking to use some of this funding to grow our team so we can offer more classes, simpler technology, and a greater variety of classes taught in more diverse languages.”