EMERITUS Institute of Management, a Singapore-based provider of online education, has raised $40 million in a Series C round led by Sequoia India, TechCrunch reports. Bertelsmann India Investments also participated.
Founded in 2014, Emeritus partners with global universities—including elite U.S. institutions like MIT, Columbia, Dartmouth and the University of Pennsylvania—to offer digital courses in finance, marketing, innovation and leadership, among other fields. The company has offices in Singapore, Boston and Mexico City, as well as several across India.
Emeritus was launched as the online division of Eruditus, a company founded in 2010 to provide executive education for corporations and working professionals. Eruditus has raised about $50.5 million from investors to date, according to Crunchbase.
The online branch employs about 350 people. Emeritus has said that it will enroll approximately 30,000 students from 80 different countries in 2019.
