Udemy rakes in $65M for international expansion
- Online learning marketplace Udemy raised $65 million in its latest funding round.
- Fortune reports the company, which was founded five years ago and helps connect experts with people seeking to expand their skillsets in online courses, plans to increase the pace of its international expansion with the new funding.
- Udemy also plans to add new courses to its library and expand to more companies with its enterprise product, which allows the businesses to create employee training courses or use existing ones through the platform, according to the article.
Venture capital continues to flow to online education platforms. Last week, Google announced a partnership with Udacity to create a nanodegree in Android development. While Udemy doesn’t offer degree programs, its online courses are meant to give users concrete skillsets they can use to pivot to new careers or rise in their existing ones. Udemy plans to focus its international expansion on East and South Asia, Latin America, and Western Europe. Just last spring, the company raised $32 million. Its growth has been fairly explosive since its 2010 launch — both in terms of its reach and the size of its educational offerings.
Follow Tara García Mathewson on Twitter