Udemy has raised $12 million in Series B funding led by Insight Venture Partners after surpassing 5,000 courses offered in their app. Other investors in this round include Lightbank, MHS Capital, and Learn Capital.
Udemy has raised $16 million in total funding and this new round will go towards growing their content across new platforms. Udemy currently has over 500,000 users that browse through the company’s fre and paid courses.
Udemy also hired Dennis Yang as the president and chief operating officer of the company.