Edtech company Udacity raises $75m in debt from Hercules Capital

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Udacity:

Silicon Valley and Delhi-based Udacity, which prepares employees and students to future-proof their career, on Thursday announced that its Q3 enterprise and government bookings rose by 120 percent year-over-year, total bookings increased 80 percent year-over-year, and ARR increased 260 percent in H1 2020.

In addition, the company has reached profitability and has signed a $75 million debt facility, with Hercules Capital serving as the underwriter.

Categories
Company
Transaction Information
  • funding

  • debt financing

  • complete

  • 75,000,000

  • usd