Investors Put $186 Million Into Lynda.com, an Online Tutorial Service
Investor confidence in the education technology sector suddenly looks a lot more serious — at least for digital learning companies with proven business models.
Lynda.com, an online video tutorial service that provides professional skills training to individuals and enterprise clients, announced Wednesday morning that it had raised $186 million in financing. The round was led by TPG Capital, a private investment firm.
The sum dwarfs the largest ed tech financing deal of last year; in that deal, Pluralsight, another online training platform for professional skill development, raised $135 million from venture capital and private equity firms.