As a keen follower of all things edtech you will likely have noticed that MOOC platforms like Udacity and now Coursera are moving away from classic higher education subjects and increasingly into tech skills. Startups like Udemy served that vertical early on. If you think about it, it is somewhat a self-fulfilling prophecy that a Silicon Valley startup is serving the ecosystem it exists in.
Former MOOC turned tech education platform Udacity raised a $105 million Series D, valuing the company at $1 billion. German media, services and education company Bertelsmann increased its stake significantly, making it one of the largest shareholders in Udacity.
Udacity partners with tech firms like Google, Facebook and Amazon to develop so called Nanodegrees that train employees specific tech skills needed for different jobs in the technology sector.
Accredible, an edtech startup that tracks learning behaviour and performance, announced a partnership with Udacity to power its new professional profiles and nanodegrees.
Former MOOC platform Udacity raised a $35 million Series C to double down on its new path of creating the nanodegree and aiming to address the skills gap ranging from computer science to finance.
The round was led by Drive Capital, with participation from Bertelsmann, Recruit Holdings and Valor Capital. Existing investors Andreessen Horowitz and Charles River Ventures also participated in the new funding round.