Online Learning Site Udemy Closes $3M Series A Financing

October 14, 2011

6:02 pm

It’s always so exciting for us when a startup with potential that we cover lands funding.  Udemy, which I wrote about way back in March, just closed $3 million Series A financing from Lightbank, the Chicago-based VC fund started by the co-founders of Groupon.  Existing investors MHS Capital and 500 Startups also participated.

Founder and CEO Gagan Biyani told me via email that the new funding will “enable us to continue upon our vision of democratizing education by enabling anyone to teach and learn online!”

In case you are unfamiliar with Udemy, the website allows anyone in the world to teach an online course for free. Instructors include New York Times bestselling author Eric Ries to Python development guru Zed Shaw.  During their first 10 months in business, more than 6,000 courses have been created, and $500,000 have been paid to instructors and partners.

Good job, guys!

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Monika Jansen is a writer and editor who is happiest pounding out blog posts, newsletters, website content, and other materials. Follow her at: @monikacjansen

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