Udacity Receives $15,000,000 Series B Financing

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ed370110-d0b5-4502-a31e-e1108dd948ca&Preview=1
Date
10/26/2012
Company Name
Udacity
Mailing Address
2390 El Camino Real Palo Alto, CA 94306
Company Description
Udacity is a totally new kind of learning experience. You learn by solving challenging problems and pursuing udacious projects with world-renowned university instructors (not by watching long, boring lectures).
Website
http://www.udacity.com
Transaction Type
Venture Equity
Transaction Amount
$15,000,000
Transaction Round
Series B
Proceeds Purposes
With the new funding, the company said it plans to enhance its interactive course architecture, including adding new environments for programming classes and scaling course and student analytics.
M&A Terms
Venture Investor
Andreessen Horowitz
Venture Investor
Charles River Ventures
Venture Investor
Individual Investor