lynda.com Fuels Growth and Innovation with $103 Million Funding
CARPINTERIA, Calif.–()–lynda.com,
an online learning company, today announced a $103 million investment
from Accel Partners, the global venture capital firm, and Spectrum
Equity, a leading growth equity firm focused on the information economy.
The financing marks the first outside funding in the 17-year history of
lynda.com. Meritech Capital Partners also participated in the investment.
“Our mission has always been to help people navigate changing technology
by providing up-to-date, credible learning materials that are easy to
follow”
With this investment, Andrew Braccia of Accel and Vic Parker of Spectrum
have joined the company’s board of directors, which also includes Lynda
Weinman, co-founder and Executive Chair, Bruce Heavin, co-founder and
Chief Creative Officer, Eric Robison, president and CEO, and Bud
Colligan, former CEO of Macromedia and current Accel Venture Partner.
Founded in 1995, lynda.com provides software, technology, creative and
business training to more than two million people worldwide through a
comprehensive library of 87,000 high quality instructional videos taught
by 250 recognized industry experts. In 2012, the company earned more
than $100 million in revenue and has been profitable since 1997.
“We’re fortunate that our financial performance and profitability over
the years has enabled us to reinvest in the ongoing growth of the
company,” said Eric Robison, president and CEO of lynda.com. “Our
decision to accept outside funding will support lynda.com as we expand
internationally. It will also add value to our membership with broadened
content areas and accelerated scaling of our Web and video platform.”
“Our mission has always been to help people navigate changing technology
by providing up-to-date, credible learning materials that are easy to
follow,” said Lynda Weinman, co-founder and Executive Chair of
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