The thing about suddenly hot start-up categories is that they’re often home to under-the-radar companies that have been around for years just making it happen.
Udemy, the marketplace for on-demand online courses, has attracted $12 million in Series B funding led by Insight Venture Partners and including Lightbank and MHS Capital. The San Francisco-based company says it has 5,000 courses and 500,000 students, with instructors collectively earning millions of dollars.
Coursera, part of the current bumper crop of college-level online education projects, seems to be off to a quick start. The company is announcing that it has 1.5 million enrollments, will add courses from 12 more universities, and has raised $3.7 million more from investors including Caltech and University of Pennsylvania.