Edtech startup Classplus raises $70 million in funding as valuation jumps to $600 million

Edtech startup Classplus, which helps educators and content creators launch online courses, has raised $70 million in its latest round of funding co-led by Alpha Wave Global and Tiger Global. Classplus’ valuation is estimated to be roughly $600 million after the latest funding round. The new round of growth capital comes only eight months after the company mopped up $65 million in June last year. As part of the latest round, Abu Dhabi-based Chimera Ventures has come in as a new investor while existing backer RTP Global has doubled down and participated in the financing.