08 June 2017, India:
CA-based edtech company Coursera has raised $64 million in a Series D funding round led by the existing investors which include GSV Asset Management, New Enterprise Associates (NEA), Kleiner Perkins Caufield Byers (KPCB) and Learn Capital. The Lampert Foundation participated as a new investor.
The company’s total capital raised to date to $210.3 million post-funding. Coursera will use the latest round to fund efforts in its fast-growing enterprise business (Coursera for Business), to expand its master’s degree portfolio, and to accelerate product innovations that take advantage of the platform’s unmatched scale with over 26 million registered learners globally.
“As the industry leader in online higher education, we have a massive opportunity ahead of us in preparing people, companies, and governments to respond to the changing nature of jobs and to take on the urgent challenges of workforce transformation,” said Rick Levin, Coursera’s CEO. “This round of funding enables us to continue innovating across our platform to deliver better learner outcomes, and to accelerate the momentum we have in our new initiatives — enterprise and degrees.”
“We are excited to see Coursera emerge as the world’s learning platform, with a highly engaged global learner base and educational content from leading universities and top companies,” said Michael Moe, Founder and CEO of GSV Asset Management. “In a global marketplace and knowledge-based economy, education makes the difference not only for how well an individual does, but for companies, and for that matter, countries.”
Founded in 2012, Coursera is the world’s largest online platform for higher education. It partners with 150 of the world’s top universities and education institutions to offer courses, Specializations, and degrees that empower learners around the world to achieve their career, educational, and personal enrichment goals throughout their lives.