
Total amount raised
$311.4 Millions
Latest funding date

Location
Udemy has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform offers a wide range of online courses, helping individuals and organizations enhance their skills.
Keep reading to explore the intricacies of Udemy's fundraising journey and the investors backing this innovative platform.
What Is Udemy?
Udemy, founded in 2009, is an online learning platform based in San Francisco, California. The company was established by Eren Bali, Gagan Biyani, and Oktay Caglar.
Udemy offers a marketplace with thousands of courses in various languages, catering to students, companies, and governments. The platform provides tools for learners, instructors, and enterprises to achieve their goals.
With a workforce of 1001-5000 employees, Udemy continues to expand its offerings, including Udemy Business, which provides employee training and development solutions.
How Much Funding Has Udemy Raised?
- Venture Round
- Amount Raised: $4.4M
- Date: July 15, 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and platform enhancements.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: December 25, 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity for existing shareholders.
- Series F
- Amount Raised: $50M
- Date: November 18, 2020
- Lead Investors: Tencent
- Valuation at Round: $3.25B
- Motivation Behind the Round: To capitalize on increased demand for online learning due to the pandemic.
- Secondary Market
- Amount Raised: $33.2M
- Date: October 25, 2020
- Lead Investors: Mindrock Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity for existing shareholders.
- Series E
- Amount Raised: Not publicly disclosed
- Date: October 10, 2020
- Lead Investors: Meros Equity Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand Udemy's market reach and product offerings.
- Secondary Market
- Amount Raised: $780K
- Date: March 1, 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity for existing shareholders.
- Series E
- Amount Raised: $50M
- Date: February 19, 2020
- Lead Investors: Benesse
- Valuation at Round: $2B
- Motivation Behind the Round: To support international expansion and product development.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: December 31, 2019
- Lead Investors: SharesPost Investment Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance platform capabilities and expand course offerings.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: August 1, 2019
- Lead Investors: Manhattan Venture Partners (MVP)
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity for existing shareholders.
- Series D
- Amount Raised: $60M
- Date: June 2, 2016
- Lead Investors: Naspers
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand the course catalog.
Udemy has raised a total of $198.38M with a current valuation of $3.25B.
Key Investors
- Tencent Holdings
- Details: Tencent Holdings is a Chinese multinational conglomerate known for its various internet-related services and products. It is a major player in the tech industry, with significant investments in social media, gaming, and online education.
- Investment Focus Areas: Internet-related services, entertainment, AI, technology.
- Notable Investments: WeChat, Riot Games, Epic Games.
- Learn Capital
- Details: Learn Capital is a venture capital firm that focuses on investments in the education sector. They aim to support companies that are transforming the way people learn and access education.
- Investment Focus Areas: Education technology, online learning platforms, educational services.
- Notable Investments: Coursera, AltSchool, Edmodo.
- Insight Partners
- Details: Insight Partners is a global private equity and venture capital firm. They invest in high-growth technology and software companies that are driving transformative change in their industries.
- Investment Focus Areas: Software, internet, data services.
- Notable Investments: Twitter, Shopify, Wix.
- Prosus
- Details: Prosus is a global consumer internet group and one of the largest technology investors in the world. They focus on building leading consumer internet companies in markets with long-term growth potential.
- Investment Focus Areas: Online classifieds, food delivery, fintech.
- Notable Investments: Tencent, Delivery Hero, PayU.
- Benesse Holdings
- Details: Benesse Holdings is a Japanese company that provides educational services, language learning, and senior care. They are known for their commitment to improving the quality of life through education and lifelong learning.
- Investment Focus Areas: Education, language learning, senior care.
- Notable Investments: Berlitz Corporation, Shinkenzemi, Minerva Schools.
What's Next for Udemy?
Udemy stands at the cusp of significant growth opportunities, driven by the surging demand for online learning. With over 130,000 courses and a global reach of 35 million learners, the platform is poised to expand its offerings and instructor base. The business division, which has surpassed $100 million in annual recurring revenue, presents a substantial opportunity for corporate training and upskilling.
Future fundraising prospects look promising, with the potential for an IPO as early as next year. This move could attract further investment, enabling Udemy to scale its operations and enhance its market presence. However, the company must navigate challenges such as maintaining course quality and managing rapid growth amidst increasing competition in the online education sector.
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