Emeritus, the global leader in making high-quality education accessible and affordable to individuals, companies, and governments around the world, announced today a $650 million funding round, through a mix of primary and secondary funding, which values the company at $3.2 billion, quadrupling its Series D valuation from August, 2020. The investment, led by Accel and SoftBank Vision Fund 2, is one of the largest for an education upskilling company. It also marks Accel's largest single EdTech investment.

Accel and SoftBank Vision Fund 2 join Emeritus' returning investors, the Chan Zuckerberg Initiative, Leeds Illuminate and Prosus, who participated in the round, and existing investors, Sequoia Capital India and Bertelsmann. The Series E funding follows Emeritus' recent $200 million acquisition of iD Tech, the world leader in youth STEM education, which marked Emeritus' expansion into the K12 space.

Emeritus is committed to teaching the skills of the future by making high-quality education accessible and affordable to individuals, companies, and governments around the world. It does this by collaborating with more than 50 top-tier universities across the United States, Europe, Latin America, Southeast Asia, India and China. Emeritus' short courses, degree programs, professional certificates, and senior executive programs help individuals learn new skills and transform their lives, companies and organizations. Its unique model of state-of-the-art technology, curriculum innovation, and hands-on instruction from senior faculty, mentors and coaches educates more has educated more than 250,000 individuals across 80 countries.