The skills platform, which has nearly 80 million users worldwide, says the new funding will support growth across enterprise and consumer segments.
Udemy has closed a $200 million senior secured revolving credit facility, set to mature in May 2030. The San Francisco-based company, known for its AI-powered skills development platform, said the agreement enhances its financial flexibility as it pursues long-term growth.
At the time of the deal’s closing, the line of credit remains undrawn. Udemy has no existing debt and reported more than $350 million in cash, cash equivalents, and marketable securities as of March 31, 2025. The new facility brings the company’s total liquidity to more than $550 million.
Focus on enterprise and AI innovation
According to the company, the additional credit will help advance its investment in artificial intelligence and support high-return initiatives across both enterprise and consumer offerings. The company also positioned the facility as a means to respond quickly to market opportunities in the skills training sector.
Udemy entered the agreement with a lending syndicate that includes Citibank, N.A. as administrative agent, with MUFG Bank, Ltd., JPMorgan Chase Bank, N.A., and Morgan Stanley Senior Funding, Inc. also participating as joint lead arrangers. Further details are available via the company’s Form 8-K filed with the Securities and Exchange Commission.
Hugo Sarrazin, president and chief executive officer at Udemy, comments, “With over $550 million in total liquidity, we are well positioned to accelerate our AI innovation roadmap, pursue high-ROI growth initiatives across both our Enterprise and Consumer segments, and capitalize on strategic opportunities that may arise in this dynamic market environment.”
