Domestic, Markets, Open Source Education, Opinion, Required, Students, Technology - Written by on Tuesday, October 18, 2011 8:00 - 0 Comments Founders Invest $3 Million In Online Education Startup Udemy

By Anuj Biyani via Flickr under Creative Commons

Groupon co-founders Eric Lefkofsky and Brad Keywell invested $3 million in online education site, Udemy, recently. Udemy stands for “the academy of you.”  It is a space where you can “take and build online courses on any subject,” hence its tagline.  Users can use 6,000 online courses arranged by learning genre, rather than by discipline.  Most of the course offerings are free and those that aren’t can be as low as $5.  Udemy even features a “course of the week.” And this week it’s “Become an Excel Guru – Get 18+ Hours of Training and Master Excel 2010.”  If that doesn’t appeal to your curiosity, there’s Calligraphy, Tournament Poker Theory, Becoming a Vegetarian – there’s something for just about everyone. And remember, on Udemy you can always create your own online course. Even Facebook Founder Mark Zuckerberg created a free course, featuring several short videos of himself talking about his management approach at Facebook.

Here is a complete list of Udemy’s Course categories:

  • Academic Courses
  • Business and Professional Courses
  • Creative and Performing Arts Courses
  • Health and Fitness Courses
  • Language Courses
  • Lifestyle Courses
  • Music Courses
  • Technology and Internet Courses
  • Test Prep Courses
  • Hobbies and Crafts Courses
  • Games Courses

Jennifer Saba at Reuters covered the deal made by Groupon Co-founders via Lightbank, their venture capital fund:

Udemy just announced a $3 million Series A round of financing led by Lightbank that also includes funding from MHS Capital and 500 Startups.

Udemy plans to use the money for hiring and marketing and biz development.

She added that:

Online education is a pretty hot sector now — just go ask the Washington Post and its Kaplan division which for the most part has been the driver of growth behind the company synonymous with Watergate and newspapers . Even News Corp is getting in on the act and set up an education unit focused on technology last year.

Via Online education site raises $3 mil in a round led by Groupon founders – Reuters Media File

Check out Udemy


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