In June last year, Udemy received $65 million Series D round of financing led by Stripes Group, with additional support from Norwest Venture Partners (NVP) and Insight Venture Partners. Naspers Ventures joins existing investment partners, including Stripes Group, Norwest Venture Partners, Insight Venture Partners, and Lightbank.
Over the past year, Udemy has experienced significant growth, particularly among its international business. With more than 40,000 courses now available in 80 different languages, Udemy offers the largest selection of online course content.
Udemy plans to use the new capital to continue its strong international momentum, including growing its localized course content library and product offerings to meet the global demand for online learning.
The platform has surpassed 11 million students and 20,000 instructors worldwide, records over 50 million enrollments from students in more than 190 countries and recently acquired Talentbuddy, a learn-to-code platform, to boost experiential learning capabilities.
“We’ve reached a critical juncture in our global economy where everyone needs to embrace lifelong learning and take initiative for upskilling themselves. That’s why I’m thrilled to be partnering with Naspers to invigorate our efforts to bring Udemy to even more learners and experts around the world,” said Dennis Yang, CEO of Udemy.
With two-thirds of its students and over half of its instructors located outside the U.S., Udemy has made huge strides in opening access to learning and teaching opportunities worldwide. The funding is a sure sign that the firm is just at the beginning of realizing the full potential of online learning.