Tencent to invest in online education startup Udemy at over $3 bn valuation

Chinese technology company Tencent Holdings Ltd. is a lead investor in a funding round that valued the online education startup Udemy Inc. at more than $3 billion, according to people familiar with the matter.

Investors were also told by Udemy that the company could pursue an initial public offering next year, said the people, who asked not to be identified because the matter is private.

Udemy said Wednesday that it has raised $50 million in a round valuing the company at $3.25 billion before the new investments. The San Francisco-based company named Learn Capital as one of the firms participating in the round. It didn’t disclose whether Tencent was an investor and it’s unclear how much Tencent contributed.