Online learning marketplace Udemy raises USD 50 Mn

Udemy, which provides a marketplace offering some 150,000 different online learning courses from business analytics to ukulele lessons, has picked up USD 50 million from a single investor, Benesse Holdings, the Japan-based educational publisher that has been Udemy’s partner in the country. The investment was made at a USD 2 billion pre-money valuation, it said.

This is a big jump since the startup last raised money, a $60 million round in 2016 that valued it at around USD 710 million (according to PitchBook data). With this round, Udemy has raised around USD 200 million in funding, with other investors including Stripes, Naspers (now Prosus), Learn Capital, Insight Partners, Norwest Venture Partners, and a number of others.

The plan will be to use the funding to expand the various aspects of Udemy’s business.

Source: TechCrunch