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Online education marketplace Udemy, has a Series D financing round by PE firm Stripes Group

New York-based private equity and venture capital firm, Stripes Group has led a Series D financing round for online education marketplace Udemy to help it grow out the US business internationally. The round also had Venture Partners and Norwest Venture Partners participating. Ken Fox, Stripes Group founder and managing partner will join the Udemy board of directors. The PE firm confirmed the $500 million hard cap close of its Growth Partners III fund in September last year. It will invest between $10-100 million per company in internet, software-as-a-service and consumer products businesses based primarily in the US and Europe. Limited Partners in the fund include the Arkansas Teacher’s Retirement System, which committed $30 million.


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