Thursday, June 11, 2015

Udemy Raises $65M in Quest to Grow Online Learning Marketplace Across the World - Tony Wan, Edsurge

The world is Udemy’s oyster, and the San Francisco, CA-based company is looking to grow its online learning marketplace across the globe, fueled by a $65 million Series D round. Two-thirds of Udemy’s seven million students come from outside the US. Yang says the first priority with the new funds is to continue expanding its international footprint: “We are looking to bring the marketplace model to local instructors around the world.” Earlier this March, Udemy partnered with one of Japan’s largest educational publishers, Bennese, to host over 100 Japanese-language courses. The percentage kept by instructors, however, is a determined by different variables, according to Yang. Instructors receive: 97% of the course fee if instructors bring a new student to Udemy 50% if the student is an existing Udemy user 25% if the student comes through Udemy’s affiliate program https://www.edsurge.com/n/2015-06-02-udemy-raises-65m-in-quest-to-grow-online-learning-marketplace-across-the-world

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