Remote learning has accelerated since March 2020 out of necessity, but Udemy has been at it a lot longer than that.
The company was one of the earliest online educational platforms that emerged in the 2000s from a then-nascent industry of MOOCs — massive open online courses. Its programming now serves customers from students to enthusiasts to professionals looking to boost their skills or learn new ones.
The company has raised more than $311 million since it was founded in 2009 and now hosts more than 183,000 online courses, over 17,700 of which are free.
It has not been an entirely smooth ride: The company has been dogged for years by complaints that it has violated copyright on some materials uploaded by users without permission. Still, the San Francisco-based company was valued at $3.3 billion at the end of 2020 and is looking to raise $100 million during its IPO. It plans to list on Nasdaq at UDMY.
Existing investors include Insight Partners (34.1% pre-IPO stake), Prosus (13.9%), Norwest Venture Partners (10.1%) and Stripes (5.6%).
Here are five things to know about the company, according to its filing with the SEC.
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