Coursera closes $64 million in a Series D funding round
By MYBRANDBOOK
Coursera has closed $64 million in a Series D funding round, taking the company's total capital raised to date to $210.3 million.
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.
In strong support for the company’s direction, the majority of the funding for this round came from existing investors-GSV Asset Management, New Enterprise Associates (NEA), Kleiner Perkins Caufield Byers (KPCB) and Learn Capital. The Lampert Foundation also participated as a new investor.
Rick Levin, CEO, Coursera said, “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.”
Coursera recently launched Coursera for Business-a platform to help companies manage workforce transformation at scale. Within a short span, it has been embraced by more than 50 companies around the world, including BCG, BNY Mellon, L’Oreal, Paypal, and Air France KLM.
In January of this year, Coursera also launched Coursera for Governments & Nonprofits, joining forces with government and local institutions to prepare their communities for the jobs of the future. These partnerships have quickly scaled to cover efforts in a number of countries, such as the US, Pakistan, Egypt, Malaysia, and Singapore.
In addition to over 2,000 courses and 180 Specializations, Coursera has begun offering fully-accredited online master’s degrees in order to serve the full spectrum of educational needs. Encouraged by the success of the first two degrees it launched in 2015, it recently announced two more degrees-a Master’s in Innovation and Entrepreneurship (OMIE) from HEC Paris, and a Master’s of Accounting (iMSA) from the University of Illinois.
“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.
Within five years of its founding, Coursera has emerged as the world’s largest online platform for higher education with more than 26 million learners, 150 university partners, and 20,00+ courses.
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