raises $30 million
Codecademy wants to strengthen its international presence
July 12, 2016
The series C funding round was led by Naspers Ventures, whose CEO, Larry Illg, will join Codecademy’s board of directors. Existing investors, including Union Square Ventures, Flybridge Capital Partners, Index Ventures and Sir Richard Branson contributed to the round. So far, Codecademy has raised $42.5 million.
The company plans to use the money to strengthen its global presence in countries like India and Brazil and provide additional course content and build its mobile learning application.
“Right now, we offer courses to our learners to help them become web developers,” said Zach Sims, CEO of Codecademy. “We are looking at really expanding the jobs that our learners can find [by providing] content for mobile development and data science.”
Most of the firm’s online courses are free, but Codecademy offers users personal coding coaches, realistic project-building experiences and other supplemental material for $19.99 a month.
Founded in 2011, Codecademy has a staff of 30 people. To support its expansion plans, the company will be hiring more software developers, designers and product managers, said Sims.