Tech Company Financing Transactions

Udemy Funding Round

Udemy, operating out of San Francisco, secured $32 million in funding from Norwest Venture Partners, Insight Venture Partners and MHS Capital.

Transaction Overview

Company Name
Udemy
Announced On
5/8/2014
Transaction Type
Venture Equity
Amount
$32,000,000
Round
Series C
Investors

Norwest Venture Partners (Lead Investor) (Sergio Monsalve)

Insight Venture Partners (Brad Twohig)

MHS Capital (Mark Sugarman)

Proceeds Purpose
The company, which has grown its revenue 300 percent over the past 12 months, plans to use the new capital to broaden and deepen its content library, expand its international presence and enhance product offerings. Udemy will also use funds to enhance its course creation and teaching platform, including enhanced tools to help instructors engage more deeply with current and future students. New teaching features include more robust instructor analytics for existing instructors and tools to further ease the course creation experience for experts around the world.

Company Information

Company Status
Publicly-held
Industry
EdTech
Mailing Address
600 Harrison St. 3rd Floor 400
San Francisco, CA 94107
USA
Phone
Undisclosed
Website
www.udemy.com
Email Address
[email protected]
Overview
Udemy is a website that enables anyone to create an online course. Our goal is to provide our teachers with everything they could possibly need to create a great learning experience over the internet. Founded in 2008, we've worked hard for the past year to build this site and we hope you like it.
Profile
Udemy LinkedIn Company Profile
Social Media
Udemy Company Twitter Account
Company News
Udemy News
Facebook
Udemy on Facebook
YouTube
Udemy on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Kevin Johnson
  Kevin Johnson LinkedIn Profile  Kevin Johnson Twitter Account  Kevin Johnson News  Kevin Johnson on Facebook
Chief Financial Officer
David Oppenheimer
  David Oppenheimer LinkedIn Profile  David Oppenheimer Twitter Account  David Oppenheimer News  David Oppenheimer on Facebook
VP - Bus. Development
Shannon Hughes
  Shannon Hughes LinkedIn Profile  Shannon Hughes Twitter Account  Shannon Hughes News  Shannon Hughes on Facebook
VP - Bus. Development
Richard Qiu
  Richard Qiu LinkedIn Profile  Richard Qiu Twitter Account  Richard Qiu News  Richard Qiu on Facebook
VP - Human Resources
Cara Allamano
  Cara Allamano LinkedIn Profile  Cara Allamano Twitter Account  Cara Allamano News  Cara Allamano on Facebook
VP - Operations
Frank Visciano
  Frank Visciano LinkedIn Profile  Frank Visciano Twitter Account  Frank Visciano News  Frank Visciano on Facebook
VP - Product Management
Archie Abrams
  Archie Abrams LinkedIn Profile  Archie Abrams Twitter Account  Archie Abrams News  Archie Abrams on Facebook

 

 

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