Naval Ravikant’s Latest Investment Portfolio: 5 Companies to Watch

4. Udemy  

Udemy operates as an open online course provider aimed at professional adults and students. The firm was founded in 2010. It is one of the most popular online course websites globally, evidenced by the  46 million students who use it to study around 175,000 courses. These courses are taught by almost 60,000 instructors that teach in more than 75 languages. Naval Ravikant had recognized the potential in Udemy early and was part of a seed funding round that raised $1 million for the firm in 2010.

Udemy went public in October 2021, raising $421 million in an initial offering that valued the firm at close to $4 billion. Since then, the shares have tanked amid a larger lull around growth offerings. However, hedge funds remain bullish on the stock for the long-term. At the end of the fourth quarter of 2021, 13 hedge funds in the database of Insider Monkey held stakes worth $88 million in Udemy, Inc. (NASDAQ:UDMY).  The firm recently launched courses in South Korea, expanding its global footprint.