San Francisco-based online education company Udemy has raised $50 million at a $3.25 billion pre-money valuation in a Series F funding round from global ed tech and growth funds including Learn Capital.

Gregg Coccari, chief executive of Udemy, said: “This year upended everything about how we live and work, and people everywhere turned to online learning to help them meet new challenges. We’re perfectly positioned to meet these demands and help drive success for individuals, businesses, and governments.”

Rob Hutter, managing partner at Learn Capital, added: “Built for the real world and enlisting the world’s most motivated experts to share their knowledge, Udemy has created an engine that propels individuals and businesses to succeed.

“Our latest investment underscores our continued confidence in the company. We believe Udemy has the right platform and business architecture to dramatically extend its growth as individuals and companies recognise the power of lifelong learning to drive personal and corporate performance.”

Goldman Sachs & Co was sole placement agent in the round.

Date published: 20 November 2020

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