Udemy Raises $65M in Series D

What does Udemy do?

Udemy, is an online learning and teaching marketplace. Its mission is helping anyone learn anything. It is a global marketplace for learning and teaching online. Udemy’s course content and instructor community are growing constantly, with more than 30K courses taught by 16,000 instructors. This company offers students the ability to learn on the go and succeed on their own terms, while the instructors have a way of sharing their knowledge with the world.

Udemy, offers a subscription to companies for their best business courses as well as an easy to use platform for creating proprietary courses.

How much Udemy was founded?

Udemy raised $65M  in Series D funding on June 2, 2015 from the investors Norwest Venture Partners – NVP, Stripes Group and Insight Venture Partners

Previous funding

• $1Min Seed funding on August 31, 2010 from Larry Braitman, Signia Venture Partners, Naval Ravikant, MHS Capital, Jeremy Stoppelman and Keith Rabois
• $3Min Series A funding on October 12, 2011 from Lightbank, MHS Capital and 500 Startups
• $12Min Series B funding on December 7, 2012 from Lightbank, MHS Capital, Insight Venture Partners and Learn Capital
• $32Min Series C funding on May 8, 2014 from MHS Capital, Norwest Venture Partners – NVP and Insight Venture Partners

What is next for Udemy?

Udemy plans to use the latest funding on the new capital for supporting international efforts, including growing its product offerings and content library for meeting growing demand for online learning which provides upward mobility. The funds will also be used for expanding its enterprise offerings and building its workforce. As a part of the funding Ken Fox, Stripes Group Managing Partner and Group Founder will join the Board of Directors of Udemy.

More about Udemy

Udemy was founded in February 1, 2010 by Oktay Caglar, Gagan Biyani and Eren Bali. It has its headquarters in San Francisco, CA.