According to Forbes, Udemy announced it has raised an additional $50 million, lifting its valuation to $3.25 billion. Bloomberg reported that the lead investor in the new round is Chinese tech company Tencent Holdings.

Udemy is the world's largest online learning destination that helps students, businesses, and governments gain the skills they need to compete in today's economy. Millions of students are mastering new skills from 57,000 expert instructors teaching over 150,000 online courses in topics from programming and data science to leadership and team building. For companies, Udemy for Business offers an employee training and development platform with subscription access to 4,000+ courses, learning analytics, as well as the ability to host and distribute their own content. Udemy for Government is designed to upskill workers and prepare them for the jobs of tomorrow. Eighty percent of Fortune 100 companies trust Udemy for employee upskilling.