Emeritus' value tops $3.2 bn with $650 mn funding from SoftBank, Accel

Capital would help the edtech startup create new products and industry verticals, expand its business serving govts and enterprises, double down on new geographies and fund acquisitions

Emeritus, which is making high-quality education accessible and affordable to individuals, companies, and governments around the world, has raised a $650 million funding round. The investment, led by Accel and SoftBank Vision Fund 2, is one of the largest for an education upskilling company. The funding was raised through a mix of primary and secondary funding, which values the company at $3.2 billion and quadrupling its Series D valuation from August, 2020.

The funding would help Emeritus take on other edtech players such as Byju’s, Unacademy, Vedantu, Simplilearn, UpGrad, Amazon Academy, and traditional education institutes. These companies are jostling to