Online learning marketplace Udemy raises $32M to broaden content, reach

udemy-logo-webrazziUdemy, one of the most popular platforms for online courses, has raised $32 million in Series C funding led by Norwest Venture Partners, with contributions from Insight Venture Partners and MHS Capital. Funding has brought Udemy’s total financing so far to $48 million.

According to the press release, new funding will be used in expanding this already rich content even larger, and bringing it to new markets via adding new languages.

“We’ll broaden and deepen our content library, expand our international presence and enhance product offerings. We’re also dedicating new funds to support Udemy’s dynamic community of instructors as they share top-notch content with students around the globe” the company said in a blog post.

Udemy’s current team of 55 people is also expected to enlarge in line with the new plans.

Founded in 2010 by a bunch of Turkish engineers who chose to move to SF to start their business, Udemy has become a leading marketplace for online courses in several categories that include science, humanities, languages, sports, design, music etc..

Over 8,000 instructors are offering more than 16,000 courses in ten languages over the platform. It has now more than 3 million registered students from 190 countries. More than one third of the students follow the courses on their iOS and Android devices.

Leave a Reply