July 30, 2014

MOOC Provider Udemy Gets Another $32 Million in Funding

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From VentureBeat:

The startup [Udemy] announced $32 million in new funding today.

Udemy offers some free courses, while it charges for others. It claims more than 3 million students up 50 percent from January; while Coursera had hit 5 million as of October 2013. Competitor Udacity had more 1.6 million students by that time; and edX, a non-profit organization, claimed more than 1.3 million.

The company says it presently offers 16,000 classes from 8,000 “expert” instructors.

Read the Complete Article

From the Udemy News Release:

This latest round of funding, led by Norwest Venture Partners with Insight Venture Partners and MHS Capital, brings Udemy’s total financing to $48 million since our 2010 founding.

In addition to its online learning marketplace for individuals, Udemy offers solutions for corporate learning. In 2013, Udemy launched Udemy for Organizations to help corporations manage, develop and grow their teams. Its corporate customers include 1-800-Flowers, Oracle and Pitney Bowes.

share save 171 16 MOOC Provider Udemy Gets Another $32 Million in Funding
Gary Price About Gary Price

Gary Price (gprice@mediasourceinc.com) is a librarian, writer, consultant, and frequent conference speaker based in the Washington D.C. metro area. Before launching INFOdocket, Price and Shirl Kennedy were the founders and senior editors at ResourceShelf and DocuTicker for 10 years. From 2006-2009 he was Director of Online Information Services at Ask.com, and is currently a contributing editor at Search Engine Land.