Get All Access for $5/mo

Online Learning Platform Udemy Raises $50 Mn In Series F Round From Learn Capital The company will utilize the fresh capital to grow its consumer and business product offerings to serve the world's learners, organizations and instructors

By Debarghya Sil

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Unsplash

Online learning platform Udemy on Thursday announced that it has raised $50 million in a series F round of funding at a $3.25 billion pre-money valuation. The funds were raised from global edtech and growth funds including Learn Capital. The company will utilize the fresh capital to grow its consumer and business product offerings to serve the world's learners, organizations and instructors.

Founded in 2009, Udemy helps any individual or organization to find an instructor who will help them to stay ahead. The company boasts that its instructors are real-world practitioners and has knowledge on the latest technologies and business strategies. Currently the company founded by Gregg Coccari has 35 million students globally and they learn from 57,000 instructors who teach over 130,000 courses.

Commenting on the company and how the pandemic has further boosted online learning, Coccari said, "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."

Adapting to the "new normal' and inculcating the work-from-home culture to stay safe from the virus, along with the need to upskill for better opportunity, there has been a significant rise in enrollment in Udemy. The company claimed that course enrolments across the entire Udemy marketplace platform increased by more than 425 per cent, consumption across Udemy for Business rose by 90 per cent and it saw a 55 per cent in course creation by instructors.

Udemy for Business was incepted to provide a platform for new-age workplace learners. Udemy for Business currently has over 7,000 courses on skills.

Commenting on the investment, Rob Hutter, managing partner at Learn Capital, said, "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."

Goldman Sachs & Co. LLC. served as a placement agent in this round.

Debarghya Sil

Entrepreneur Staff

Former Correspondent

News and Trends

"45% of All Ongoing Hydropower Projects in India are Ours": Patel Engineering

Patel Engineering reported a turnover of INR 4,400 crore in the last fiscal year, with a projected 10 per cent growth for the current year.

News and Trends

PB Fintech to Enter Healthcare Sector with New Wholly-Owned Subsidiary

The new entity, which is expected to be named either 'PB Healthcare Private Limited' or 'PB Healthcare Services Private Limited,' will focus on providing healthcare services.

Side Hustle

'Hustling Every Day': These Friends Started a Side Hustle With $2,500 Each — It 'Snowballed' to Over $500,000 and Became a Multimillion-Dollar Brand

Paris Emily Nicholson and Saskia Teje Jenkins had a 2020 brainstorm session that led to a lucrative business.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Science & Technology

5 Rule-Bending AI Hacks to Make Your Mornings More Productive and Profitable

By 2025, AI will transform productivity by streamlining workflows and cutting costs. Major companies like Microsoft, Google, and OpenAI are leading the way, advancing AI into "Phase 3," where tools act as digital assistants. Discover 5 AI hacks to boost efficiency and redefine your daily routine.

News and Trends

Broadcom Stock Soars on AI Growth Outlook

Broadcom's next-generation AI chips, built with advanced 3-nanometer technology, are set to debut in the spring