Udemy Receives $50M investment from Benesse Holdings


Udemy, a San Francisco, CA-bassed global marketplace for learning and teaching online, received a $50m investment from Japan-based Benesse Holdings, Inc.

The deal valued the company at $2 billion.

The company plans to further invest in markets around the world and will expand its San Francisco headquarters as well as grow its offices in Denver, Colorado; Dublin, Ireland; Gurgaon, India; Sao Paulo, Brazil; and Ankara, Turkey.

Led by Gregg Coccari, CEO, Udemy provides an online learning platform for students, businesses, and governments. Millions of students are learning new skills from 57,000 expert instructors teaching over 150,000 online courses in topics from programming and data science to leadership and team building. Udemy also offers Udemy for Business, which provides an employee training and development platform with subscription access to 4,000+ courses, learning analytics, as well as the ability to host and distribute their own content. Customers include Adidas, Booking.com, Pinterest, Toyota, and Wipro, among others.

In addition, Udemy for Government is designed to upskill workers and prepare them for the jobs of tomorrow.

Investors in the company include Insight Partners, Prosus (Naspers Ventures), Norwest Venture Partners, and Stripes.



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