Codecademy, the online learning platform teaching the world to code, announced its Series D fundraise of $40M led by Owl Ventures and with participation from Prosus and Union Square Ventures. Codecademy will use the capital to accelerate its DTC and B2B growth, including new products and learning solutions, expanded curriculum, and a greater footprint in growing global markets like India.

The startup is the latest edtech business to bring on capital after years without it, a list that includes ClassDojo, CourseHero, Quizlet and Udacity. But founder Zach Sims, who began the company in 2011 as a Columbia student, says that Codecademy’s growth, and hunger for new capital, isn’t due to a pandemic bump.

In 2020, as the coronavirus pandemic spurred demand in accessible, interactive online learning, Codecademy said it saw its largest uptick in sign-ups and bookings yet, with over five million new users, 150,000 paid subscribers of Codecademy Pro and 600 customers of Codecademy for Business.

Amit Patel, Managing Director, Owl Ventures, commented on the funding,

    "Codecademy has been on our radar for a long time, as one of the early, long-standing leaders in online learning. We could not be more excited to help the team continue its impressive growth trajectory and deliver its mission to empower the world with technical skills."

"We have ambitious goals to help hundreds of millions of people access our learning platform and unlock the skills they need to lead better lives," said Zach Sims, CEO and co-founder of Codecademy. "While we have seen tremendous success on our own, we are excited to accelerate our growth even further by partnering with Owl Ventures, whose unparalleled experience and expertise in edtech will help us surpass our goals and make Codecademy the premier technical learning platform for consumers and businesses globally."

Codecademy For Business launched in beta last year and grew to 600 paying clients. Half of those customers are non-technology companies like banks, consulting firms and small businesses that want to train employees in data literacy and tech-specific programing. Sims says that the product was launched due to customer demand, and piggybacks on what investors see as an awakening among companies that it is necessary to train and reskill employees.

Codecademy has raised $82.5 million to date from investors including Owl Ventures, Prosus, Union Square Ventures, Kleiner Perkins, Index Ventures, and Y Combinator.

If you are considering a carrier in coding, then using a Codecademy Accounts and taking the courses is an absolute must. These courses also come with a support community comprising of fellow students and mentors. You can ask your questions and talk about your issues with the course. There is undoubtedly one person with a similar problem, and you can talk about it to each other. The instructors are always happy to help you too.A Codecademy premium account would cost much less if you decide to buy it from z2u.com. Just enter the z2u.com and go to the Codecademy page. You will see that their prices are even less than what you have to pay on the original website. You will just have to follow some rules carefully. Read the following Frequently Asked Questions on z2u.com to know more about these rules.