Codecademy raises $10m in second round investment

The interactive code instruction site previously gained $2.5m in first round fundraising in 2011


Codecademy, a site aimed at teaching users to computer program online, has received investment totalling $10m in its second round of fundraising.

The site, which was co-founded by Ryan Bubinski and Zach Sims, completed the deal led by Index Ventures, while Kleiner Perkins, Union Square Ventures, Sir Richard Branson and Yuri Milner also invested in the company.

Millions of people from over 100 different countries have taken courses on the site since it was founded in August 2011 and over 25,000 have used the online programme to create their own course.

 

Co-founder Zach Sims, who previously worked for drop.io, AOL Ventures and GroupMe, is delighted with the recent investments into his global company: “With this new funding, we’re going to keep doing what we’ve been doing. We’ve reached millions of students in more than one hundred countries. 

“Tens of thousands of teachers that have created Codecademy courses are now able to spread their knowledge all over the world.  We want to make that process better for our students and for our teachers.”

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