Emeritus Supercharges Mission to Make High Quality Education Affordable and Accessible Through $650 Million Capital Raise
Emeritus (@EMERITUS_INST), the global leader in making high-quality education accessible and affordable to individuals, companies, and governments around the world, has just announced a $650 million funding round, through a mix of primary and secondary funding, which values the company at $3.2 billion, quadrupling its Series D valuation from August 2020. The investment, led by Accel and SoftBank Vision Fund 2, is one of the largest for an education upskilling company. It also marks Accel’s largest single EdTech investment.
The Series E funding follows Emeritus’ recent $200 million acquisition of iD Tech, the world leader in youth STEM education, which marked Emeritus’ expansion into the K12 space. This latest investment in Emeritus supports the vital need to upskill and reskill the global workforce across all sectors coming out of the pandemic.
Charlie Schilling, President of Emeritus, joined us at ASU+GSV Summit this past week to share the exciting news. Watch his interview with Kevin Hogan now.