UPDATED: San Diego based online music lessons marketplace TakeLssons has completed a $4 million round of venture capital financing, bringing the total investment in the company to $12 million. Triangle Peak Partners led the round with participation from Siemer Ventures and existing investors Crosslink Capital and SoftTech VC.
TakeLessons also announced that it has paid out more than $10 million to music teachers since it launched in 2006. The site matches music students with local teachers and equips teachers with web-based scheduling, billing and communication tools. But much of its recent growth has been driven by TakeLessons' Online Lesson platform, according to the company, which enables more flexible scheduling and eliminates geographic constraints.
The company intends to use the new investment to expand beyond music to new marketplaces, including tutoring and the other performing arts. In addition to music education expansion, TakeLessons announced the launch of its new tutoring marketplace, Takelessons San Diego, this month and will serve Austin, Las Vegas, Sacramento and Denver by the end of Q1..