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Codecademy Gets Acquired for $525 Million by Skillsoft

Launched in 2011 with an in-browser coding experience, Codecademy has now over 40M learners.

Codecademy homepage at launch in 2011
Codecademy homepage at launch in 2011

Codecademy, which teaches learners how to code, has been acquired by Skillsoft for $525 million in cash and stock.

The company went viral in 2011, because it taught coding basics interactively within the browser itself. This was around the time MOOCs appeared on the scene.

Codecademy’s in-browser coding playground in 2022
Codecademy’s in-browser code editor in 2022

Within 72 hours of launching, it acquired 200,000 learners, and a few months later, it raised $2.5 million. Last year, the company raised $40 million for a total of $87.5 million in funding.

In 2017, they launched a subscription, Codecademy Pro. Initially, only course exercises and projects were made part of the subscription, while conceptual lessons remained free-to-access. Now, about half of Codecademy’s 130+ courses are only accessible to subscribers. Codecademy Pro costs $39.99 per month, or $19.99 per month if paid annually.

Like MOOC providers, Codecademy has been eyeing the lucrative enterprise market.

Currently, the company makes $50 million dollars in recurring revenue and has over 40 million registered learners.

Dhawal Shah Profile Image

Dhawal Shah

Dhawal is the CEO of Class Central, the most popular search engine and review site for online courses and MOOCs. He has completed over a dozen MOOCs and has written over 200 articles about the MOOC space, including contributions to TechCrunch, EdSurge, Quartz, and VentureBeat.

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