Home All Stories Online education marketplace Udemy closes $12m round

Online education marketplace Udemy closes $12m round


San Francisco – Udemy, the San Francisco-based developer of an online education marketplace, said on Friday it has raised $12 million in its second round of funding, led by Insight Venture Partners. Previous investors Lightbank, MHS Capital and Learn Capital also participated in the round, which increased the company’s total backing to $16 million.

Udemy will use the latest proceeds primarily to expand its content offerings, as well as extending its content catalog to new platforms.

In addition, the company also announced the hiring of Dennis Yang as president and chief operating officer. Yang previously served as executive advisor to a number of start-ups and held leadership roles with 4INFO and Good Technology.

Launched in 2010, Udemy currently offers more than 5,000 courses covering a range of subjects from hobbies and lifestyle topics to professional, technical, academic and creative skills. Instructors are able to build a curriculum based on videos, slide presentations, PDFs, documents, articles, links, photos and live conferences with their students. Courses are delivered on demand.

This article was also published in Bay Area Tech Wire.

Related links:

Udemy – http://www.udemy.com

Udemy – press release

Photo by Flickr user Ariaski, used under Creative Commons license