Udemy Raises $50M in Series F Funding; Valued at $3.25 Billion


Udemy, a global marketplace for learning and teaching online, raised $50m at a $3.25 billion pre-money valuation in a Series F financing.

Backers included global edtech and growth funds such as Learn Capital.

The company intends to use the funds to continue to grow its consumer and business product offerings.

Led by Gregg Coccari, CEO, Udemy enables any individual or organization to find the right expert instructors to help them get the skills they need to stay ahead. Today, 35 million students globally learn from 57,000 instructors who collectively teach over 130,000 courses.

Powered by the Udemy marketplace, Udemy for Business provides access to a collection of 7,000 relevant courses on the most in-demand skills, to allow customers to upskill their workforces. In October, Udemy for Business has surpassed $100 million in annual recurring revenue (ARR) with notable customers like The Walt Disney Corporation, Apple, Unicef, PayPal, Accenture, Samsung, Unilever, Instacart, Survey Monkey, Okta, and others.

Iinvestors in the company also include Insight Partners, Prosus, Norwest Venture Partners, Stripes, and Benesse Holdings.



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