Udemy

U
Udemy
  • Headquarters

    San Francisco, CA
  • Founded

    2010
  • CEO / Founder

    Hugo Sarrazin
  • Employees

    1001-5000
  • Funding

    Acquired — $293M
  • Stock

    UDMY
  • Products

    1 product listed
  • Avg. AI Score

    7.8/10
  • Website

    udemy.com/

Profile updated

Products
1
Avg AI Score
7.8/10
Founded
2010
Funding
$274.0M
About Udemy

Udemy was founded in 2010 by Eren Bali, Oktay Caglar, and Gagan Biyani, and is headquartered in San Francisco, California. The company operates an online marketplace that allows independent instructors to create and sell courses, and also offers Udemy Business, a subscription platform for corporate training and workforce development.

The platform hosts courses covering software development, IT certifications, business skills, data science, and creative subjects, with content available in multiple languages. Udemy Business serves corporate clients seeking employee upskilling and reskilling programs, competing with providers such as Coursera, LinkedIn Learning, and Pluralsight.

Udemy went public on the Nasdaq in November 2021 under the ticker UDMY. Prior to its IPO, the company raised funding from investors including Insight Partners, Norwest Venture Partners, and Naspers. The company has made acquisitions over the years, including CoachHub-style corporate learning tools and content platforms to expand its enterprise offering.

Specialties
Online Course MarketplaceCorporate TrainingWorkforce UpskillingE-Learning PlatformInstructor ToolsSkills Development
Financials

Dated, source-cited figures. Estimates are marked.

Revenue
$789.8M
sec.gov
Total Raised
$274.0M
sec.gov
Market Capest.
$4.0B
sec.gov
Revenue over time
$276.3M(Dec 31, 2019)$429.9M(Dec 31, 2020)$515.7M(Dec 31, 2021)$629.1M(Dec 31, 2022)$728.9M(Dec 31, 2023)$786.6M(Dec 31, 2024)$789.8M(Dec 31, 2025)
Total Raised over time
$153.2M(Dec 31, 2019)$274.0M(Dec 31, 2020)
Products by Udemy

All products by Udemy reviewed by our AI panel of experts.

How Our Review Panel Scores Udemy

Six independent reviewer personalities assessed Udemy's product on their own terms. They landed within 0.8 points of each other, an unusually strong consensus.

The Finance Lead
8.1
The Decision Maker
8.0
The Domain Strategist
7.8
The Power User
7.7
The Domain Practitioner
7.6
The Skeptic
7.3

Averaged across 1 reviewed product in our catalog. Scores are out of 10.

Competitive Landscape

Who Udemy competes with, and how they differ.

Company Timeline

Key milestones in Udemy's history, with sources.

  1. Milestone

    CEO Hugo Sarrazin departs for Avalara

    Hugo Sarrazin, who led Udemy through its AI-reskilling pivot and the Coursera merger, left to become CEO of Avalara, effective May 29, 2026.

    finance.yahoo.com
  2. Acquisition

    Coursera completes acquisition of Udemy

    Coursera closed its all-stock merger with Udemy, converting each Udemy share into 0.800 Coursera shares; Udemy became a wholly owned subsidiary and filed to deregister its stock and delist from Nasdaq shortly after.

    sec.gov
  3. Acquisition

    Coursera agrees to acquire Udemy in all-stock merger

    Coursera and Udemy signed a definitive merger agreement under which Udemy stockholders receive 0.800 Coursera shares per Udemy share (a 26% premium to the 30-day average); the deal implied a combined-company equity value of approximately $2.5 billion, with existing Coursera holders retaining about 59% and Udemy holders about 41%.

    sec.gov
  4. Milestone

    Hugo Sarrazin appointed Chief Executive Officer

    Udemy named Hugo Sarrazin, formerly President and Chief Product & Technology Officer at UKG and a 26-year McKinsey veteran, as CEO, succeeding Greg Brown.

    au.investing.com
  5. Milestone

    Co-founder Eren Bali returns as Chief Technology Officer

    Eren Bali, Udemy's co-founder and CEO until 2014, rejoined the executive team as CTO, stepping down from the board and succeeding Venu Venugopal, to lead engineering, data and technical program management.

    investing.com
  6. Funding

    IPO on Nasdaq (UDMY) — $420.5 million raised

    Udemy priced its IPO at $29.00 per share, selling 14.5 million shares to raise $420.5 million in gross proceeds, and began trading on the Nasdaq Global Select Market under ticker UDMY.

    sec.gov
  7. Funding

    Series F preferred stock financing — approximately $80.8 million

    Udemy closed a Series F preferred stock round (3.35 million shares at $24.13/share, ~$80.8 million liquidation value) during 2020, its final private financing round before going public, per its 2021 IPO prospectus.

    sec.gov
  8. Funding

    Naspers invests $60 million

    South African internet and media group Naspers invested $60 million in the online-learning company to help it expand its global reach.

    uk.news.yahoo.com
  9. Funding

    Series C preferred stock financing — $32.0 million

    Udemy raised a Series C round with a liquidation value of $32.0 million (16.2 million shares at $1.98/share), per the preferred-stock table in its 2021 IPO prospectus.

    sec.gov
  10. Funding

    Series B preferred stock financing — $12.3 million

    Udemy raised a Series B preferred stock round with a liquidation value of $12.3 million; its IPO prospectus cites a Series B-related ownership change in November 2012.

    sec.gov
  11. Funding

    Series A / A-1 preferred stock financing — approximately $5.0 million

    Udemy raised Series A and Series A-1 preferred stock, together worth roughly $5.0 million in liquidation value; its IPO prospectus notes an ownership change tied to the Series A-1 issuance in September 2011.

    sec.gov
  12. Founded

    Founded by Eren Bali, Oktay Caglar, and Gagan Biyani

    Eren Bali co-founded Udemy in January 2010 with Oktay Caglar and Gagan Biyani as an online marketplace for instructor-created video courses, after raising initial seed funding.

    sec.gov

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