Company Overview
About Class
Class is a Washington, D.C.-based education technology company that builds the next-generation virtual classroom platform for live online instruction. Founded in 2020 by Michael Chasen (co-founder and former CEO of Blackboard), Class was built on top of Zoom to add the rich pedagogical features — assignment management, breakout room analytics, attendance tracking, engagement scoring, gradebooks, and compliance tools — that Zoom lacks for formal educational and training settings.
Business Model & Competitive Advantage
Class has raised $164M in total across four funding rounds, headlined by a $105M Series B led by SoftBank Vision Fund 2 in July 2021 and a $30M Series A from Reach Capital, Catalysis Capital, and Diligent Software. The company significantly expanded its market position through two strategic acquisitions: Blackboard Collaborate (the legacy virtual classroom from Blackboard/Anthology), making Class the largest virtual classroom software provider for higher education; and CoSo Cloud, which expanded Class's corporate and government training capabilities. The combined platform serves K-12 districts, universities, businesses, federal government agencies, and high-consequence training programs globally.
Competitive Landscape 2025–2026
In 2025, Class focused product development on three areas critical to live virtual learning: making engagement metrics more visible to facilitators (including per-breakout-room engagement scores and live transcripts), improving breakout room collaboration tools, and expanding analytics that help administrators measure and improve virtual learning outcomes over time. The company received industry recognition as a thought leader in virtual learning in 2025. Class competes with legacy LMS platforms (Canvas, Blackboard), video conferencing tools (Zoom, Teams, WebEx), and purpose-built virtual classroom tools (BigBlueButton, Adobe Connect).
Key Differentiators
Market Leader
Class is recognized as a market leader in the Education sector, demonstrating strong industry presence and customer trust.
Frequently Asked Questions
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