• Crowdsourced Learning Platform Udemy Raises $3 Million From Lightbank And Others

    Wednesday, October 12th, 2011

    Alexia Tsotsis is the co-editor of TechCrunch. She attended the University of Southern California in Los Angeles, CA, majoring in Writing and Art, and moved to New York City shortly after graduation to work in the Media industry. After four years of living in New York and attending courses at New York University, she returned to Los Angeles in... → Learn More

    Screen Shot 2011-10-12 at 3.29.19 AM
    Screen Shot 2011-10-12 at 3.29.19 AM

    Groupon investors Eric Lefkofsky and Brad Keywell have led a $3 million Series A vote in Udemy, an online platform that allows anyone to host and learn from online classes. 500 Startups and MHS Capital also participated in the round.

    Competing with Lynda.com, Udemy offers classes ranging from “Product Developement at Facebook” to “14-Day Total Yoga Body: Lose Weight, Detox and Tone, Fast!” to Eric Ries’ “The Lean Startup” talks and way way more. The platform presently boasts over 6,000 free and paid courses.

    “We only make money if our instructors make money,” co-founder Gagan Biyani says, explaining how the company monetizes despite its numerous free offerings — by a 30% cut on top of all paid courses. “As this world of education enters online, our vision is to let anyone enter that marketplace, in the same way that blogging let anyone with a computer publish online,” Biyani asserts.

    Biyani plans on using the new financing to hire new staff to primarily focus on marketing and business development. “We’re just focused on growing the user base,” he says. Good luck. :)


    Company: Udemy
    Website: udemy.com
    Funding: $4M

    Udemy is an incredible community platform that makes it easy for anyone to build an online course. Instructors can use video, PowerPoint, PDFs, audio, zip files and live classes to quickly build a course and share their expertise with anyone in the world with an internet connection. Students can take courses across a great breadth of categories, including: business & entrepreneurship, academics, the arts, health & fitness, language, music, technology, games, and more. Udemy’s goal is to disrupt and democratize...

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