Udemy Raises $50 Million to Fuel Accelerated Global Demand for Online Learning
Udemy, the largest global marketplace for learning and teaching online, announced that the company has raised $50 million at a $3.25 billion pre-money valuation in a Series F financing. The funds raised from leading global edtech and growth funds including Learn Capital will enable the company to continue to grow its consumer and business product offerings to serve the world’s learners, organizations, and instructors.
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Udemy raises $50 million at a $3.25 billion pre-money valuation in a Series F financing.
“To succeed in today’s rapidly changing world requires new skills and a focus on continuous learning,” said Gregg Coccari, CEO of Udemy. “This year upended everything about how we live and work, and people everywhere turned to online learning to help them meet new challenges. We’re perfectly positioned to meet these demands and help drive success for individuals, businesses, and governments.”
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Traditional education was built for a world that no longer exists. With Udemy, any individual or organization can find the right expert instructors to help them get the skills they need to stay ahead. Udemy instructors are real-world practitioners with a pulse on the latest technologies and business strategies, and learners choose from the largest selection of courses based on their preferences. Today, 35 million students globally learn from 57,000 instructors who collectively teach over 130,000 courses.
“Built for the real world and enlisting the world’s most motivated experts to share their knowledge, Udemy has created an engine that propels individuals and businesses to succeed,” said Rob Hutter, Managing Partner at Learn Capital. “Our latest investment underscores our continued confidence in the company. We believe Udemy has the right platform and business architecture to dramatically extend its growth as individuals and companies recognize the power of lifelong learning to drive personal and corporate performance.”
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