• Udacity just received another $105 million to tout its valuation at $1 Billion
• ULearning delivering similar services to other online education companies but funding everything internally from their own team
PETERSBURG, FLORIDA, January 14, 2016 – ULearning, the company building the largest distribution platform for online education, providing people real-world learning opportunities and connecting them with real-world earning opportunities, today commented on the $105 million dollars of investment received by Udacity, contrasted to ULearning that is making a difference for people with no outside grants or investments from hedge funds or private equity groups.
The Wall Street Journal, Reuters and other news outlets reported that in the last quarter Udacity recently took in another $105 million dollars of investment to fund their online education platform from a range of investors and venture capital firms to value Udacity at $1Billion. Online education now represents more than 30% of all post secondary education and Udacity, which was started less than 3 years ago, is one of the early entrants capitalizing on the trend.
ULearning, started in 2015 has been taking a different approach than some of the early online education entrants that have taken in hundreds of millions of dollars from hedge funds and other investment groups. ULearning in contrast is 100% self-funded and as such can focus solely on making a real impact on learning and job opportunities in a pure, unfettered and unsullied manner.
Jason Gill, one of the partners at ULearning commented, “Online education is such a hot space right now, and we are not surprised at the amount of smart money that is coming into the sector. More than $1 Billion dollars has poured in over the past few years, as investors see the same opportunity we do. Udacity is a great company and we are happy for their continued success. At the same time however, we are proud at Ulearning of the competitive advantages we have built into our system and our broad distribution platform, and most importantly that we are not beholden to the compromises that sometimes come when taking in money from private equity and hedge fund investors.“
ULearning is the online education company that helps people maximize their potential and earning power. Unlike other online education sites, ULearning provides people real-world learning opportunities and then connects them with real-world earning opportunities. ULearning is a global distribution platform of online education, and intends to have the broadest distribution of online courses globally to provide maximum reach for teachers to monetize their knowledge and expertise. In addition, the Company is partnering with a range of Companies and providing links to opportunities to enable students to maximize their earning potential. ULearning is dedicated to making a difference in unemployment and underemployment around the world, especially with young adults and inner-city youth. The Company’s website is www.ulearning.com.
Safe Harbor Disclosure
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include statements reflecting management's current expectations regarding future results of operations, economic performance, financial condition and achievements of ULearning. Management believes these assumptions to be reasonable but there is no assurance that they will prove to be accurate. Forward-looking statements, specifically those concerning future performance are subject to certain risks and uncertainties, and actual results may differ materially. ULearning competes in a rapidly growing and transforming industry, and other factors Company's may affect the Company’s operations. Unless required by applicable law, Ulearning undertakes no obligation to update or revise any forward-looking statements.
For investor or other inquiries please contact: