Web design and development community Treehouse has just secured $4.75 million in funding from Chamath Palihapitiya’s Social+Capital partnership and the Greylock Discovery fund. The financing comes in addition to a $600K star studded seed round the company raised back in October 2011.
In the same hot edustartup space as Lynda, Codecademy and Udacity, the platform uses example videos, online quizzes and badges to teach people how to develop websites, web apps, iPhone apps and launch startups. Treehouse films its video lessons at its expanded film studio in Orlando, Florida and its primary offices are based in Portland, Oregon.
Founded in November of 2011, Treehouse co-founder Ryan Carson tells me that the 34 person startup is currently operating at a $3 million revenue run rate and is “growing fast.” Carson wants to bring on at least 10-15 more people as the year goes out.
“Our biggest challenge is hiring teachers,” he explains, “As they have to be knowledgeable, great on camera and good at writing.” Carson plans on using the new financing to focus on content expansion, rapidly iterate on features and experiment with revenue models (right now the product is subscription-based).
May the best online code-learning startup win!