Udemy Raises $60 Million to Expand Global Footprint

UDEMY, which provides a marketplace for online classes, has raised $60 million from Naspers, a South African media and tech conglomerate. This funding follows Udemy’s $65 million Series D round, announced last June.

Founded in 2010, Udemy offers a platform where experts in any skill or topic can create and sell online courses. The funding will help the San Francisco startup expand its global footprint, and currently offers more than 40,000 courses available in 80 languages. Two-thirds of its 11 million students, and more than half of the teachers, are based outside the U.S., company CEO Dennis Yang said in a press release.

Udemy has now raised $173 million. This marks the second edtech investment for Naspers, which led a $15 million Series B round for Brainly back in May. Larry Illg, CEO of Naspers Ventures, will be joining the company’s board of directors.

How should colleges teach in the digital age? Get the latest news and views each week.

Who we are

EdSurge helps schools find, select and use the right technology to support all learners.
© 2011-2016 EdSurge Inc. All rights reserved. Every student succeeds.