Codecademy
Codecademy is an online coding education platform founded in 2011 by Zach Sims and Ryan Bubinski. It had more than 40 million sign-ups by the end of 2021, and in April 2022 Skillsoft completed its acquisition in a cash-and-stock deal worth about $525 million, with Sims joining Skillsoft’s executive team.
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Key facts
2011Founded by Two Columbia College Students
Codecademy was founded in 2011 by Zach Sims and Ryan Bubinski, who met through the Columbia Spectator while studying at Columbia College; Bubinski graduated in 2011, and Sims left after his junior year to focus on the startup. In August 2011 they posted the site on Hacker News for feedback, drawing more than 200,000 views within days; by September more than 550,000 users had completed over six million exercises. “We think programming is a form of 21st-century literacy,” Sims said.[1]
December 22, 2021Skillsoft Announces the Acquisition
Skillsoft announced that it would acquire Codecademy, legally Ryzac Inc., for about $525 million in cash and stock. Codecademy then had more than 40 million sign-ups since launch and had raised more than $80 million from investors including Index VenturesIndex VenturesIndex Ventures is a venture capital firm founded in Geneva in 1996. It invests from seed through growth and operates across London, San Francisco and New York, supporting technology companies through a transatlantic network.Open the full entry; it said it had $50 million in annual recurring revenue, double its 2018 level.[2][3]
April 5, 2022Acquisition Completed
Skillsoft announced that it had completed its acquisition of Codecademy, and Codecademy founder and chief executive Zach Sims joined Skillsoft’s executive leadership team. “Codecademy is embarking on our next chapter as a part of Skillsoft,” Sims said.[4]
Related Organizations, Websites, and Public Accounts
Codecademy: Website: https://www.codecademy.com/ (opens in a new window); X: https://x.com/Codecademy (opens in a new window); YouTubeYouTubeYouTube is Google’s video-sharing and creator platform, founded in 2005 by Steve Chen, Chad Hurley, and Jawed Karim and acquired by Google in 2006. Built around video uploading, viewing, and creator earnings, the platform has developed Shorts, YouTube Music, Premium, YouTube TV, and products for children, and is headquartered in San Bruno, California, United States.Open the full entry: https://www.youtube.com/channel/UC5CMtpogD_P3mOoeiDHD5eQ (opens in a new window); Instagram: https://instagram.com/codecademy (opens in a new window); TikTok: https://www.tiktok.com/@codecademy (opens in a new window)[2]