Groupon-linked Firm Backs Online Education Venture

By Lillian Williams

Udemy, an educational website featuring a plethora of online courses, received $3 million in financing today from a venture capital deal supported by the founders of Groupon.

Udemy announced that Lightbank, a Chicago-based technology investment firm led by Groupon founders Eric  Lefkofsky, Brad Keywell– along with support from funders MHS Capital and 500 Startups–put together a $3 million Series A financing deal for the educational website.

What is Udemy’s speciality?

Udemy offers online courses, mostly free, on subjects including business, technology, language, music, test prep, health and fitness, hobbies and crafts.  There’s even a course for those interested in improving their swimming skills.

Udemy explains its rationale in this video:

“Udemy has tapped into the proven interest for online learning between individuals and groups of people.  Its success shows there is a huge demand for this kind of knowledge transfer,” said Groupon founder Brad Keywell in a press statement.

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