Over the past two years, as money poured into online education startups, Lynda Weinman sat back and operated her profitable bootstrapped company to little fanfare.
About 2 million members signed up for Lynda.com’s tutorials on web design, photography and business skills.
The company has generated four straight years of 40 percent growth and sales in 2012 that topped $100 million.
The company have not received the publicity of newer ventures such as online higher education startups.
Lynda.com is announcing today that it raised $103 million led by Accel Partners and Spectrum Equity.
According to the National Venture Capital Association, no education company dating back to 1980 has raised this much money in a single round.
Only five have raised more than $100 million total, led by Chegg, which has pulled in $193.2 million over 10 financing rounds, the NVCA said.