Lynda.com funding round rakes in $186M
- Lynda.com on Wednesday announced it had raised a staggering $186 million in a new round of funding led by TPG.
- The online learning company and video library is expected to use the funds to make more acquisitions, according to TechCrunch.
- Its 550-member staff may also expand by as much as 250 as a result of the investment.
Among expected acquisitions are companies specializing in coding education, like Thinkful or Treehouse, TechCrunch reports. With the current push behind computer science, such a purchase would certainly stand to benefit the company's continuing education business.
While Lynda.com isn't a traditional higher ed competitor, the growth of that continuing education and professional development business does have the potential to cut into the money institutions would make from returning adult students.
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