Ed-tech company Udemy has recently secured an investment of $50 million by Benesse Holdings, a Japanese company . The company plans to benefit by the investment by further investing in markets around the world.
Udemy aims for expansion of its San Francisco headquarters as well as grow its offices in Colorado, Ireland, India, Brazil and Turkey. Udemy's investors include Insight Partners, Norwest Venture Partners, and Stripes.
Udemy CEO Gregg Coccari said, "Benesse is an important (long-time) strategic partner for Udemy, and this investment is a testament to the strength of our relationship and the opportunity ahead of us. The year 2020 will be a milestone year where the company intends to serve more students and enable thousands of businesses and governments to upskill their employees. "
Commenting on the investment Tamotsu Adachi,President and CEO, Benesse Holdings said, "Udemy and Benesse are incredibly synergistic businesses. This investment is the next progression in our business relationship and demonstrates our confidence in what we can accomplish together."
In 2019, Udemy for Business (its subscription-based corporate learning product) reached over 5,000 customers globally. These included companies like Adidas, Booking.com, Pinterest, Toyota, and Wipro, among others.