Total amount raised
$311.4 Million
Latest funding date
7/1/2021
Location
Udemy has successfully navigated 15 funding rounds, attracting investments from 39 different investors, including SharesPro and Vershina Capital. The platform offers a wide range of online courses designed to help users build essential career and life skills through AI-powered skills acceleration.
Keep reading to explore the intricacies of Udemy's fundraising journey and the investors backing this innovative platform.
What Is Udemy?
Udemy, based in San Francisco, California, is a prominent player in the online education industry. The platform offers a diverse array of courses aimed at helping individuals and organizations develop essential career and life skills through AI-powered tools.
Founded by Eren Bali, Gagan Biyani, and Oktay Caglar, Udemy has grown significantly, employing between 1001 and 5000 people. The company has also been acquired by Coursera and is publicly traded under the ticker NASDAQ:UDMY.
How Much Funding Has Udemy Raised?
- Post-IPO Debt
- Amount Raised: USD 200,000,000
- Date: May 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support company growth and expand operations.
- Series Unknown
- Amount Raised: USD 4,400,000
- Date: July 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance platform capabilities and expand market reach.
- Series F
- Amount Raised: USD 50,000,000
- Date: November 2020
- Lead Investors: Meros Equity Global Management, Tencent
- Valuation at Round: USD 3.25 billion
- Motivation Behind the Round: To expand consumer and business product offerings to meet global demand for online learning.
- Secondary Market
- Amount Raised: USD 33,200,000
- Date: October 2020
- Lead Investors: Mindrock Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity for early investors and employees.
- Secondary Market
- Amount Raised: USD 780,000
- Date: March 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity for early investors and employees.
- Series E
- Amount Raised: USD 50,000,000
- Date: February 2020
- Lead Investors: Benesse
- Valuation at Round: USD 2 billion
- Motivation Behind the Round: To support global expansion and enhance platform capabilities.
- Series Unknown
- Amount Raised: Not publicly disclosed
- Date: December 2019
- Lead Investors: SharesPost Investment Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support company growth and expand operations.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: August 2019
- Lead Investors: Manhattan Venture Partners (MVP)
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity for early investors and employees.
- Series D
- Amount Raised: USD 60,000,000
- Date: June 2016
- Lead Investors: Naspers
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support global expansion and enhance platform capabilities.
- Series D
- Amount Raised: USD 65,000,000
- Date: June 2015
- Lead Investors: Stripes
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support global expansion and enhance platform capabilities.
Total Amount Raised: USD 515,380,000. Current Valuation: USD 3.25 billion.
Key Investors
- Tencent Holdings
- Details: Tencent Holdings is a Chinese multinational conglomerate holding company known for its various internet-related services and products, entertainment, AI, and technology both in China and globally. It is one of the world's largest technology companies.
- Investment Focus Areas: Internet-related services and products, entertainment, AI, technology.
- Notable Investments: WeChat, Riot Games, Epic Games.
- Learn Capital
- Details: Learn Capital is a venture capital firm focused on investments in the education technology sector. They aim to support companies that are transforming the way people learn and access education.
- Investment Focus Areas: Education technology.
- Notable Investments: Not specified.
- Naspers
- Details: Naspers is a South African multinational holding company with significant investments in technology and internet companies. It is one of the largest technology investors globally.
- Investment Focus Areas: Technology, internet companies.
- Notable Investments: Prosus NV.
- Insight Partners
- Details: Insight Partners is a global private equity and venture capital firm investing in growth-stage technology and software companies. They focus on scaling up companies with high growth potential.
- Investment Focus Areas: Growth-stage technology, software companies.
- Notable Investments: Not specified.
- Stripes
- Details: Stripes is a growth equity firm that invests in internet, software, healthcare IT, and consumer products companies. They aim to partner with market-leading companies to accelerate their growth.
- Investment Focus Areas: Internet, software, healthcare IT, consumer products.
- Notable Investments: Not specified.
What's Next for Udemy?
Udemy stands at the cusp of significant growth opportunities, driven by the surge in online learning demand. With a valuation of $3.25 billion and over 130,000 courses, the platform is poised to expand its consumer and business offerings. The company's business division, which has surpassed $100 million in annual recurring revenue, highlights the potential for further growth in corporate training and global market reach.
Future fundraising opportunities are promising, with potential for an IPO and continued interest from major investors like Tencent Holdings. However, Udemy must navigate challenges such as intense competition and maintaining course quality. The company's ability to adapt to industry trends and economic uncertainties will be crucial for sustained success.
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