Udemy Raises $60 Million to Expand Global Footprint


Udemy Raises $60 Million to Expand Global Footprint

Jun 4, 2016

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.

Learn more about EdSurge operations, ethics and policies here. Learn more about EdSurge supporters here.

More from EdSurge

Get our email newsletterSign me up
Keep up to date with our email newsletterSign me up