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Udemy
The Udemy family office, founded by Udemy co-founder Eren Bali, manages wealth from the online learning platform's IPO and invests in technology and...
Udemy
The Udemy family office was formed following the company's 2021 IPO on the Nasdaq under the ticker UDMY. Eren Bali, who served as the platform's chief technology officer and chairman, established the office to manage the liquidity generated by his shareholding. Udemy itself was founded in 2010 and reached a valuation of roughly $4 billion at its peak public market value. The family office's strategy is not publicly disclosed, but based on Bali's entrepreneurial background and the tech sector focus typical of founder-led family offices, its deployment likely includes direct venture-style investments in early-stage technology companies, with a thematic emphasis on education, workforce development, and digital skills platforms. No named portfolio companies, co-investors, or specific asset-class breakdown have been confirmed. The team size, additional offices, and total assets under management are not disclosed. The office maintains a single location in San Francisco, California. No philanthropic vehicles or adjacent operating businesses have been publicly attributed to this entity. The structural differentiator of this family office is its direct link to Udemy's founding team and the public market liquidity event that created its capital base. Unlike multi-generational family offices rooted in private fortunes, this office operates with a founder-led governance structure, likely with a limited investment team and a concentrated portfolio.
General information
Firm type
Single Family Office
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
San Francisco
Corporate office
San Francisco, CA, United States
Principals
Eren Bali
Co-Founder
Gagan Biyani
Co-Founder
Octavio Maldonado
Co-Founder
Sector focus
Frequently asked questions
Who runs investment decisions at the Udemy family office?
Eren Bali is the principal figure guiding the family office's investment strategy. As co-founder and former CTO of Udemy, he brings a technology founder's perspective to asset allocation, though no formal investment committee or CIO has been named publicly.
How does the Udemy family office source deal flow?
The office likely leverages Bali's network within the Silicon Valley tech ecosystem, including co-investors and entrepreneurs from his years building Udemy. No external sourcing methodology has been documented, and it is not known whether the office accepts unsolicited proposals.
Is the Udemy family office structured as a single family office or does it operate more like a venture firm?
It is structured as a single family office for Eren Bali and his family, distinct from a multi-family office or institutional venture firm. There is no public evidence of external LP capital being raised or a formal fund vehicle.
Does the Udemy family office participate in fund commitments or only direct deals?
The office's investment modality is not publicly known. Given the founder's background, direct investments in technology startups are the most plausible primary activity, but no fund commitments or direct deal track record has been disclosed.
What investment stages does the Udemy family office typically target?
No specific stage targeting has been disclosed. By typical pattern for founder-led family offices, it may focus on early-stage or growth-stage technology companies, but this remains unconfirmed by any public source.
Which sectors does the Udemy family office explicitly avoid?
No sector exclusions have been publicly stated. However, the office's likely thematic focus on technology and education suggests areas like heavy industry, real estate, or traditional manufacturing are unlikely to be pursued.
Where does the underlying wealth come from?
The wealth stems from Eren Bali's co-founding stake in Udemy, the online learning platform that went public in 2021. His shares and any subsequent sales of stock generated the capital base for this family office.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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