Online open course provider Udacity has raised $105m in Series D round of funding led by German media group Bertelsmann along with Baillie Gifford, Emerson Collective and Google Ventures joining as new investors, according to a statement from the company. The company is also looking for more partners who can help it expand its online education offerings. Founded in 2012, Udacity provides online courses in software and other vocations through its nanodegree programmes. The company claims to have trained about 11,000 students from 168 countries last year. Forbes reports that Udacity has partnered with Facebook, Cisco and Google to provide individual courses, and adds that Udacity is growing at 30% month on month, and is profitable.
Online open course provider Udacity has raised $105m in Series D round of funding led by German media group Bertelsmann along with Baillie Gifford, Emerson Collective and Google Ventures joining as new investors, according to a statement from the company. Udacity’s existing investors, including Andreessen Horowitz, also participated in the funding, which requires Kay Krafft, Bertelsmann CEO, to join Udacity’s board. Founded in 2012, Udacity provides online courses in software and other vocations through its nanodegree programmes. The company claims to have trained about 11,000 students from 168 countries last year. Forbes reports that Udacity has partnered with Facebook, Cisco and Google to provide individual courses, and adds that Udacity is growing at 30% month on month, and is profitable.