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Codecademy, an Early (and Now Profitable) Pioneer of Coding Education, Raises $40M in New Funding

February 23, 2021

Via: Ed Surge

Money has flowed into the edtech sector over the last twelve months. Bumper funding rounds and freshly minted unicorns are grabbing headlines, but there are questions about how long current investment appetite will last.

Unlike other edtech startups seemingly on the fast track to big checks, Codecademy has been in the business for over a decade. And its announcement of a $40 million Series D round, led by Owl Ventures, is recognition of years of growth at the forefront of programming education. Founded in 2011, the New York-based company has built a hugely popular training platform that has helped millions of students learn to code over the last decade.

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