SOURCE: Coursera

Coursera

November 22, 2013 12:49 ET

Coursera Secures $20 Million in Additional Funding From University Partners and Current Investors

Leading Online Learning Provider Is Poised to Accelerate the Delivery of Education for Everyone

MOUNTAIN VIEW, CA--(Marketwired - Nov 22, 2013) - Coursera, a leading massive open online course (MOOC) platform, today announced that the company has added $20 million to its latest funding round, bringing the total Series B raise to $63 million. This latest investment includes funding from three universities that offer courses on Coursera, as well as two existing Series B investors focused on education -- GSV Capital and Learn Capital.

Coursera has been preparing for its next phase of growth by working with universities to create and offer compelling content to students, as well as developing its internal capacity. The financing announced today will further support these initiatives, which focus on ongoing technological developments, strategic partnerships and the build-out of Coursera's product and recruiting teams, including the recent hiring of tech industry leaders John Ciancutti and Tom Willerer to develop Coursera's global offerings and enhance the user experience.

"Over the past year, we've dedicated much of our effort to expanding Coursera's course offerings and channels of access to give our growing student population more opportunities to learn," said Daphne Koller, co-founder of Coursera. "Now, with continued funding and with John and Tom leading our product team, we're excited to see Coursera grow and provide our university partners and our students with a truly outstanding learning experience."

Coursera's fast-growing community currently encompasses more than 100 institutional partners in 19 countries, 700 professors and 5.5 million learners worldwide.

About Coursera:
Coursera's mission is to educate millions of people worldwide by offering free online access to classes from top universities and institutions. Coursera's comprehensive education platform combines mastery-based learning principles with video lectures, interactive content and a global community of peers, offering students a unique online learning experience. Coursera is financially backed by GSV Capital, International Finance Corporation, Kleiner Perkins Caufield & Byers, Laureate Education Inc., Learn Capital, New Enterprise Associates and Yuri Milner, as well as a number of universities, including California Institute of Technology and University of Pennsylvania. For more information, visit Coursera.org.

Contact Information

  • Contact Information
    Iz Conroy and Nikki Sequeira
    coursera[at]launchsquad[dot]com
    415-625-8555