The funding round was led by GSV Ventures, which has also backed similar firms Masterclass and Coursera, with participation from existing investors including Inovia Capital, Golden Ventures and Quiet Capital. Angel investors from companies including Shopify, Wattpad, Wealthsimple and Clearco also participated. (The Logic)
Talking point: The Toronto-based startup’s platform allows creators to deliver a cohort-based live learning experience. It raised a $6-million seed round last March. The platform has attracted big-name authors such as Margaret Atwood and Roger Martin. Disco co-founder Candice Faktor told The Logic the company will use the funds to improve its products and Web3 integration, as well as expand its remote-first team and Disco Studios, where the company helps individual clients build their own brands on the platform. “We have an unbelievable product roadmap. We’re trying to be mission control, for these knowledge creators and organizations,” said Faktor.