# Codecademy

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/codecademy

- Industry: Education/Training
- Headquarters: New York, US
- Website: www.codecademy.com
- Total disclosed funding: $83M
- Latest round: Series D (Dec 14, 2020)
- Investors on record: 10

## About

Codecademy, Inc. is a leading online learning platform that focuses on coding and technical skills development through interactive courses and personalized learning paths.Founded in 2011 by Ryan Bubinski in New York, US, Codecademy, Inc. provides accessible coding education to learners. The company was involved in a significant acquisition deal on December 22, 2021, where SkillSoft Limited and Prosus N.V. acquired Codecademy for USD 525 mn in cash and stock. The acquisition aims to enhance SkillSoft’s technical skills training solutions globally.Codecademy primarily offers an extensive online learning platform focused on coding and technical skills development. Their core product offerings include a variety of interactive courses, skill paths, and career paths designed to teach users in-demand skills such as programming languages (Python, JavaScript, HTML & CSS), data science, web development, and cybersecurity. Each course incorporates interactive content, quizzes, and projects to provide hands-on experience, catering to learners at various skill levels—from beginners to intermediate users. The platform serves a diverse clientele, including individual learners, educational institutions, and businesses seeking to upskill their employees. Codecademy's products are available globally, with a notable presence in markets such as North America, Europe, and parts of Asia, enabling users from different geographical locations to access their educational resources.Codecademy generates revenue primarily through subscription-based models, offering both free and paid plans that provide access to a wide range of courses and learning materials. The premium subscription, Codecademy Pro, includes features such as guided projects, quizzes, and personalized learning paths aimed at enhancing user engagement and retention. Additionally, the company offers live learning sessions and bootcamps, which are structured to include instructor-led training and mentorship for participants seeking intensive skill development over a specified period. Pricing plans vary by service, with premium tiers designed to cater to both individual learners and institutional clients. The diverse range of offerings, including flagship career paths like Full-Stack Engineer and Data Scientist, enables Codecademy to appeal to a broad spectrum of users, enhancing its overall transactional structure in the educational technology market.Codecademy plans to leverage the recent acquisition by SkillSoft Limited to enhance its product offerings and expand its market reach. The company is focused on developing new products that will include more comprehensive technical skills training solutions. The acquisition will support Codecademy in building these solutions for learners globally. Specific geographic expansions are targeted towards increasing their presence in additional markets, with a goal to enhance accessibility by 2023. The recent funding will be instrumental in these initiatives, helping Codecademy to further its mission to provide effective coding education.

## Funding rounds

- Series D, Dec 14, 2020, $40M — Union Square Ventures, OWL Ventures, Prosus Ventures
- Series C, Jul 13, 2016, $30M — Index Ventures, Union Square Ventures, Flybridge Capital Partners, Prosus Ventures
- Series B, Jun 19, 2012, $10M — Index Ventures, Kleiner Perkins, Union Square Ventures
- Series A, Oct 27, 2011, $2.5M — Union Square Ventures, Indie Enterprises, SV Angel, Thrive Capital, Tuesday Capital

## Investors

- Union Square Ventures (https://capitalatlas.ai/funds/union-square-ventures) — Series A, Series B, Series C, Series D
- Indie Enterprises (https://capitalatlas.ai/funds/indie-enterprises) — Series A
- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Series A
- Thrive Capital (https://capitalatlas.ai/funds/thrive-capital) — Series A
- Tuesday Capital (https://capitalatlas.ai/funds/tuesday-capital) — Series A
- Index Ventures (https://capitalatlas.ai/funds/index-ventures) — Series B, Series C
- Kleiner Perkins (https://capitalatlas.ai/funds/kleiner-perkins) — Series B
- Flybridge Capital Partners (https://capitalatlas.ai/funds/flybridge-capital-partners) — Series C
- Prosus Ventures (https://capitalatlas.ai/funds/prosus-ventures) — Series C, Series D
- OWL Ventures (https://capitalatlas.ai/funds/owl-ventures) — Series D