Emeritus, an edtech company that partners with U.S. and European universities to provide online courses to working professionals globally, completed a $40m Series C funding.
The round was led by Sequoia India, with participation from existing investor Bertelsmann India Investments.
The company intends to use the funds to create a more immersive and adaptive learning platform, to expand multilingual capabilities, and to ensure that its omni-channel offerings are readily available to students on-the-go.
Led by Ashwin Damera, Emeritus provides a 360-degree solution to partner universities to take their courses online and to reach global audiences. The company offers professional education courses in collaboration with such universities as MIT, Columbia, Tuck at Dartmouth, Wharton, UC Berkeley and London Business School.
Emeritus has a global team of 350 employees located in Boston, Dubai, Mexico City, Mumbai, New Delhi and Singapore.