# Udemy funding: rounds and investors > Udemy has raised $173M across 6 rounds since 2010. Investors include MHS Capital, Insight Partners and 500 Global. Every round with its source. Source: https://millionrounds.com/company/udemy (Millionrounds; every figure on the page links to its filing or article) United States · [Series D startup](https://millionrounds.com/companies) # Who invested in *Udemy* 6 rounds we have observed, with the 27 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it. HR Tech Funding summary Updated 26 Oct 2026 **$173M** raised across 6 rounds since 2010, from 6 sources **$1.0M** Seed **$3.0M** Series A **$12M** Series B **$32M** Series C **$65M** Series D **$60M** Round - **Latest round:** Round, $60M Feb 2016 - **Led by:** Naspers - **Biggest round:** $65M Series D · Jun 2015 - **Investors:** 27 (1 led) See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2011 2012 2013 2014 2015 2016 **$1.0M** Seed **$3.0M** Series A **$12M** Series B **$32M** Series C **$65M** Series D **$60M** Round - **First round:** Seed, $1.0M - **Biggest round:** $65M - **Usual gap between rounds:** 13 months ## The rounds - **Feb 2016** Round **$60M** *11 new* *12 returning* [Naspers](https://millionrounds.com/fund/naspers) Lead [500 Global](https://millionrounds.com/fund/500-startups) [Insight Partners](https://millionrounds.com/fund/insight-venture-partners) [Norwest Venture Partners](https://millionrounds.com/fund/norwest) [Founder Institute](https://millionrounds.com/fund/founder-institute-montreal) [Lightbank](https://millionrounds.com/fund/lightbank) [Bling Capital](https://millionrounds.com/fund/bling-capital) [Naval Ravikant](https://millionrounds.com/fund/naval-ravikant) [Bullpen Capital](https://millionrounds.com/fund/bullpen-capital) [Learn Capital](https://millionrounds.com/fund/learn-capital) [Keith Rabois](https://millionrounds.com/fund/keith-rabois) [Signia Venture Partners](https://millionrounds.com/fund/signia-venture-partners) [Stripes](https://millionrounds.com/fund/stripes) [MHS Capital](https://millionrounds.com/fund/mhs-capital) [Jeremy Stoppelman](https://millionrounds.com/fund/jeremy-stoppelman) [DG Incubation](https://millionrounds.com/fund/dg-incubation) [Dan Martell](https://millionrounds.com/fund/dan-martell) [Denis Grosz](https://millionrounds.com/fund/denis-grosz) [Darian Shirazi](https://millionrounds.com/fund/darian-shirazi) Joshua Stylman Lawrence Braitman Paul Martino Richard Thompson Source recorded - **Jun 2015** Series D **$65M** *1 new* *2 returning* [Insight Partners](https://millionrounds.com/fund/insight-venture-partners) [Norwest Venture Partners](https://millionrounds.com/fund/norwest) [Stripes](https://millionrounds.com/fund/stripes) From a historical funding record - **May 2014** Series C **$32M** *1 new* *2 returning* [Insight Partners](https://millionrounds.com/fund/insight-venture-partners) [Norwest Venture Partners](https://millionrounds.com/fund/norwest) [MHS Capital](https://millionrounds.com/fund/mhs-capital) From a historical funding record SEC filing: $29M sold, first sale Apr 2014 - **Dec 2012** Series B **$12M** *2 new* *2 returning* [Insight Partners](https://millionrounds.com/fund/insight-venture-partners) [Lightbank](https://millionrounds.com/fund/lightbank) [Learn Capital](https://millionrounds.com/fund/learn-capital) [MHS Capital](https://millionrounds.com/fund/mhs-capital) Reported by freshnews.com - **Oct 2011** Series A **$3.0M** *1 new* *2 returning* [500 Global](https://millionrounds.com/fund/500-startups) [Lightbank](https://millionrounds.com/fund/lightbank) [MHS Capital](https://millionrounds.com/fund/mhs-capital) Reported by techcrunch.com - **Aug 2010** Seed **$1.0M** *11 new* [500 Global](https://millionrounds.com/fund/500-startups) [Naval Ravikant](https://millionrounds.com/fund/naval-ravikant) [Keith Rabois](https://millionrounds.com/fund/keith-rabois) [Signia Venture Partners](https://millionrounds.com/fund/signia-venture-partners) [MHS Capital](https://millionrounds.com/fund/mhs-capital) [Ben Ling](https://millionrounds.com/fund/ben-ling) [Jeremy Stoppelman](https://millionrounds.com/fund/jeremy-stoppelman) [Joshua Stylman](https://millionrounds.com/fund/joshua-stylman) [Larry Braitman](https://millionrounds.com/fund/larry-braitman) [Russ Fradin](https://millionrounds.com/fund/russ-fradin) Paul Martino Reported by techcrunch.com ## Who was in which round The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led. **Seed** 2010 **Series A** 2011 **Series B** 2012 **Series C** 2014 **Series D** 2015 **Round** 2016 [MHS Capital](https://millionrounds.com/fund/mhs-capital) [Insight Partners](https://millionrounds.com/fund/insight-venture-partners) [500 Global](https://millionrounds.com/fund/500-startups) [Norwest Venture Partners](https://millionrounds.com/fund/norwest) [Lightbank](https://millionrounds.com/fund/lightbank) [Naval Ravikant](https://millionrounds.com/fund/naval-ravikant) [Learn Capital](https://millionrounds.com/fund/learn-capital) [Keith Rabois](https://millionrounds.com/fund/keith-rabois) [Signia Venture Partners](https://millionrounds.com/fund/signia-venture-partners) [Stripes](https://millionrounds.com/fund/stripes) ## Everyone who backed them [MHS Capital](https://millionrounds.com/fund/mhs-capital) VC firm **5** rounds [Insight Partners](https://millionrounds.com/fund/insight-venture-partners) VC firm **4** rounds [500 Global](https://millionrounds.com/fund/500-startups) Angel **3** rounds [Norwest Venture Partners](https://millionrounds.com/fund/norwest) VC firm **3** rounds [Lightbank](https://millionrounds.com/fund/lightbank) VC firm **3** rounds [Naval Ravikant](https://millionrounds.com/fund/naval-ravikant) VC firm **2** rounds [Learn Capital](https://millionrounds.com/fund/learn-capital) VC firm **2** rounds [Keith Rabois](https://millionrounds.com/fund/keith-rabois) VC firm **2** rounds [Signia Venture Partners](https://millionrounds.com/fund/signia-venture-partners) VC firm **2** rounds [Stripes](https://millionrounds.com/fund/stripes) Private equity **2** rounds [Jeremy Stoppelman](https://millionrounds.com/fund/jeremy-stoppelman) Angel **2** rounds Paul Martino no record of our own yet **2** rounds [Naspers](https://millionrounds.com/fund/naspers) VC firm **1** round, led 1 [Founder Institute](https://millionrounds.com/fund/founder-institute-montreal) Accelerator **1** round [Bling Capital](https://millionrounds.com/fund/bling-capital) VC firm **1** round [Bullpen Capital](https://millionrounds.com/fund/bullpen-capital) VC firm **1** round [Ben Ling](https://millionrounds.com/fund/ben-ling) Angel **1** round [DG Incubation](https://millionrounds.com/fund/dg-incubation) Accelerator **1** round [Joshua Stylman](https://millionrounds.com/fund/joshua-stylman) VC firm **1** round [Larry Braitman](https://millionrounds.com/fund/larry-braitman) VC firm **1** round [Russ Fradin](https://millionrounds.com/fund/russ-fradin) Angel **1** round [Dan Martell](https://millionrounds.com/fund/dan-martell) Angel **1** round [Denis Grosz](https://millionrounds.com/fund/denis-grosz) Angel **1** round [Darian Shirazi](https://millionrounds.com/fund/darian-shirazi) VC firm **1** round Joshua Stylman no record of our own yet **1** round Lawrence Braitman no record of our own yet **1** round Richard Thompson no record of our own yet **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=udemy). ## Also claim to have backed them These 13 firms list Udemy as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above. [Left Lane Capital](https://millionrounds.com/fund/left-lane-capital) VC firm Per its own site [Catamaran](https://millionrounds.com/fund/catamaran) Private equity Per its own site [Brad Keywell](https://millionrounds.com/fund/brad-keywell) Angel Per its own site [1802 Ventures](https://millionrounds.com/fund/1802-ventures) VC firm Per its own site [3SPOKE](https://millionrounds.com/fund/3spoke) Private credit Per its own site [Acadia Ventures](https://millionrounds.com/fund/acadia-ventures) VC firm Per its own site [Beofund](https://millionrounds.com/fund/beofund) Micro VC Per its own site [GPI Global Partners Investments](https://millionrounds.com/fund/gpi-global-partners-investments) Investment firm Per its own site [Golden Falcon Capital](https://millionrounds.com/fund/golden-falcon-capital) VC firm Per its own site [Invest in the Clean Energy Gas Station Fund, We call it Last Point of Distribution LPDs.](https://millionrounds.com/fund/invest-in-the-clean-energy-gas-station-fund-we-call-it-last-) VC firm Per its own site [ShoeMoney Media Group](https://millionrounds.com/fund/shoemoney-media-group) VC firm Per its own site [Vault Innovation](https://millionrounds.com/fund/vault-innovation) Venture studio Per its own site [Vershina Capital](https://millionrounds.com/fund/vershina-capital) VC firm Per its own site ## Quick answers about Udemy ### Who invested in Udemy? Udemy's investors include MHS Capital, Insight Partners, 500 Global, Norwest Venture Partners and Lightbank, and 22 more on record. Naspers led its latest round. ### How much has Udemy raised? Udemy has raised $173M across 6 rounds since 2010. ### When did Udemy last raise? Udemy's most recent round, $60M, was in Feb 2016, led by Naspers. ### What was Udemy's biggest round? Udemy's largest round on record is $65M (Series D), in Jun 2015. ### Who backed Udemy first? Udemy's first round on record, in Aug 2010, was backed by 500 Global, Naval Ravikant and Keith Rabois and 8 others. ### What stage is Udemy at? Udemy's latest named round is a Series D, in Jun 2015. ### Where is Udemy based? Udemy is based in the United States. ### Who led Udemy's rounds? Naspers led the funding round in 2016. ## Companies like Udemy In the same sector, and raised in the last eighteen months. [**VIVA Finance** $370M · Oct 2026](https://millionrounds.com/company/viva-finance)[**Origin** $121M · Oct 2026](https://millionrounds.com/company/origin)[**Angle Health** $1.2B · Sept 2026](https://millionrounds.com/company/angle-health)[**Thatch** $151M · Sept 2026](https://millionrounds.com/company/thatch)[**Intermezzo** $10M · Sept 2026](https://millionrounds.com/company/intermezzo)[**BrightPlan** $14M · Sept 2026](https://millionrounds.com/company/brightplan) ## Find investors like these Search every investor by what they have actually funded, then narrow to your stage and market. Free. Open the investor searchOr these rounds in the app