Popular online learning platform Udemy has announced that it has closed $50 million funding from Learn Capital, Tencent, and a prolific investor. Udemy had a $3.25 billion pre-money valuation.
“The funds raised from leading global edtech and growth funds including Learn Capital will enable the company to continue to grow its consumer and business product offerings to serve the world’s learners, organizations, and instructors,” reads the press release.
Also see: Find Online Courses
Udemy provides online courses on a range of topics in multiple languages. Now Udemy boasts to have 35 million students, 57,000 instructors, and over 130,000 courses.
After the COVID-19 pandemic, online learning has become even more important. Udemy also recorded 425 percent increased enrolments across the entire Udemy marketplace platform. Udemy for Business also saw a 90 percent surge in consumption. Instructors also saw this as an opportunity and the course creation rate also increased by 55%.
Udemy is based in San Francisco but has offices in Denver, Brazil, India, Ireland, and Turkey. Primary investors including Insight Partners, Learn Capital, Prosus, Norwest Venture Partners, Stripes, and Benesse Holdings.
