Mindrock Capital invested $ 22 million in education platform Udemy


Pavel Cherkashin’s investment fund Mindrock Capital invested $ 22 million in an educational online platform Udemy… The shares were purchased on the secondary market. Rusbase was informed about this by a representative of the fund.

Mindrock Capital invested $ 22 million in education platform Udemy

In May of this year, the fund has already invested $ 1.5 million in the startup.Thus, the total investment of Mindrock Capital in Udemy amounted to $ 23.5 million.

According to the fund, the company is in a good growth stage, thanks in part to the rapid development of EdTech startups this year. Udemy will use the received investment for further development.

Udemy was founded in 2010 in San Francisco. According to the data provided, more than 130 thousand short courses are offered on the platform – from programming to music and personal growth. The number of students in the courses now reaches 35 million people. Udemy’s valuation has grown from $ 2 billion at the beginning of the year to $ 3.25 billion at the moment.

It is also noted that Udemy is considering an IPO next year.

Mindrock Capital previously invested in California-based education company Coursera, which is valued at $ 3.7 billion. Coursera plans to leave at the IPO in 2021, during the placement of the company can appreciate $ 5 billion

According to Grigory Trubkin, Managing Partner of Mindrock Capital, 2021 could be the year of massive IPOs for educational startups, and “then this market will finally take its rightful place in the global economy.”

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Source: Rusbase by rb.ru.

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