Educational Technology

March 14, 2021

Codecademy eyes the enterprise with $40 million in new capital

Filed under: Educational Technology — admin @ 12:39 am

Natasha Mascarenhas, Tech Crunch

The business, which helps students and employees learn how to code in an interactive environment, is currently bringing in $50 million in annual recurring revenue. That figure is on track with Codecademy’s normal growth trajectory, which has been doubling since 2018. The startup has still seen some areas of growth. It took Codecademy four years to reach their first 100,000 users; however, they added 50,000 more paying users in their fifth year alone.

https://techcrunch.com/2021/02/23/codecademy-series-d/

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