Udemy was founded in 2009 by Eren Bali, Oktay Caglar, and Gagan Biyani. The company has not officially endorsed a plan to participate in an IPO.
Udemy is an online learning platform aimed at professional adults and students. The company has raised nearly $225 million in Venture Capital funding from investors including NewView Capital, eBrands.vc, Founders Circle Capital, Norwest Venture Partners, Signia Venture Partners, Learn Capital, Lightbank, Bullpen Capital, DG Ventures, and MHS Capital Management. Per company press releases, Udemy last raised $50 million in February 2020 at a post-money valuation of $2 billion.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
11/18/2020 | Series F | $50MM | $xx.xx | $330.23B | Learn Capital, Tencent Holdings, Winter Capital | |
Price per Share
$xx.xx
Shares Outstanding
2,072,109
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Learn Capital, Tencent Holdings, Winter Capital
|
||||||
02/19/2020 | Series E | $40MM | $xx.xx | $206.18B | Benesse Holdings | |
Price per Share
$xx.xx
Shares Outstanding
2,569,043
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Benesse Holdings
|
||||||
05/09/2015 | Series D | $103.85MM | $xx.xx | $69.3B | Insight Venture Partners, Norwest Venture Partners, Prosus Ventures, Stripes | |
Price per Share
$xx.xx
Shares Outstanding
16,702,584
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Insight Venture Partners, Norwest Venture Partners, Prosus Ventures, Stripes
|
||||||
05/14/2014 | Series C | $32MM | $xx.xx | $18.2B | Insight Venture Partners, Mhs Capital, Norwest Venture Partners | |
Price per Share
$xx.xx
Shares Outstanding
16,198,348
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Insight Venture Partners, Mhs Capital, Norwest Venture Partners
|
||||||
12/10/2012 | Series B | $12.31MM | $xx.xx | $4.21B | Insight Venture Partners | |
Price per Share
$xx.xx
Shares Outstanding
22,956,103
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Insight Venture Partners
|
||||||
10/12/2011 | Series A1 | $3MM | $xx.xx | $1.09B | Learn Capital, Mhs Capital, Signia Venture Partners | |
Price per Share
$xx.xx
Shares Outstanding
15,295,184
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Learn Capital, Mhs Capital, Signia Venture Partners
|
||||||
08/31/2010 | Series A | $2.05MM | $xx.xx | $974.12MM | Lightbank | |
Price per Share
$xx.xx
Shares Outstanding
8,483,166
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Lightbank
|