Codecademy – the New York City based edtech startup announcing $30 million in new funding led by Naspers. Codecademy was founded in 2011 incubated at Y Combinator and has over 16 million registered users online. Naspers, based out of South Africa, is leading the Series C round. Others in this round include previous investors Union Square Ventures, Flybridge Capital Partners, Index Ventures and Sir Richard Branson.
Since we founded Codecademy in 2011, we have seen an explosion of interest in learning to code as a key component of a 21st century education,” said Zach Sims, CEO of Codecademy. “With millions of monthly users, and more than 50 percent of those outside the US, there is a great opportunity in partnering with Naspers to expand our business to deliver a wider breadth of courses in more languages and new geographies to create an education that allows anyone to access economic opportunity.”
“Traditional universities are poorly equipped to meet the evolving demands of technology students and employers, and Codecademy fills an important and valuable gap in the market,” said Larry Illg, Naspers Ventures CEO. “The quality of the Codecademy product and the team’s execution have enabled a global footprint today and positions it well for future expansion.”
Previously Codecademy raised $10M/Series B in 2012. Total funding : $42.5M in 3 rounds.
|Date||Funding Amount||Funding Round||Lead VC/Investor|
|Jul, 2016||$30M||Series C||Naspers|
|Jun, 2012||$10M||Series B|
|Oct, 2011||$2.5M||Venture||Union Square Ventures|