What is Udemy?
Founded in 2010 and headquartered in San Francisco, California, Udemy operates as a comprehensive online learning marketplace. The platform is designed to cater to professional adults and students seeking to acquire new skills or advance their careers through accessible digital education. Udemy's extensive course catalog covers a wide array of subjects, positioning it as a key player in the global e-learning industry.
How much funding has Udemy raised?
Udemy has raised a total of $691.2M across 9 funding rounds:
Series A
$3M
Series B
$12M
Series C
$29.2M
Series D
$65M
Private Equity
$60M
Series E
$50M
Series F
$50M
Stock Offering
$421M
Series A (2011): $3M led by MHS Capital, Lightbank, and 500.com
Series B (2012): $12M supported by Lightbank, MHS Capital, Insight Venture Partners, and Learn Capital
Series C (2014): $29.2M featuring Insight Venture Partners, MHS Capital, and Norwest Venture Partners
Series D (2015): $65M backed by Insight Venture Partners, Stripes Group, and Norwest Venture Partners
Private Equity (2016): $60M with participation from Naspers
Series E (2020): $50M led by Benesse Holdings, Inc.
Series F (2020): $50M supported by Learn Capital LLC
Stock Issuance/Offering (2021): $421M, investors not publicly disclosed
Key Investors in Udemy
Naspers
Naspers Limited is a South African multinational technology and internet company that invests in and operates a wide range of digital platforms globally. The company focuses on ecommerce, online services, and digital entertainment, partnering with and funding innovative businesses.
Insight Venture Partners
GO is a private platform purpose-built for Insight Partners' portfolio company leaders. GO unifies our 500+ software portfolio companies to foster connections, strengthen leadership, expand their brain trust, and provide support as they scale.
Learn Capital
Learn Capital, based in Silicon Valley, is one of the world's leading venture capital funds with a dedicated focus on education technology and companies that leverage technology for better and smarter learning worldwide. Since 2009, Learn Capital has backed extraordinary teams building market transforming services for every age and stage of learning, on nearly every continent.
What's next for Udemy?
The substantial enterprise-level funding and major strategic investment Udemy has received indicate a strong trajectory for growth and expansion. This capital infusion is likely to fuel further development of its platform, enhancement of its course offerings, and broader market penetration. Strategic partnerships and continued innovation in online pedagogy will be crucial as Udemy aims to solidify its leadership in the competitive e-learning landscape.
See full Udemy company page
