Coursera Receives $43 Million To Improve Platform

Career College Central summary:

  • Coursera, a leading massive open online course (MOOC) platform, announced last week that it has closed $43M in Series B funding from GSV Capital; International Finance Corporation, the investment arm of the World Bank; Laureate Education Inc., a company that operates high quality, innovative institutions of higher education through its global network; Learn Capital; and noted entrepreneur and venture capitalist Yuri Milner. These investors, spanning the sectors of Internet technology, education technology, and emerging world markets, align with Coursera's efforts to build the technologies, institutional networks, and global communities necessary to transform global education access.
  • The announcement follows last year's $22M Series A funding, which included investment by Kleiner Perkins Caufield & Byers and New Enterprise Associates, who will be furthering their investment in this round, as well as University of Pennsylvania and California Institute of Technology, two of Coursera's University Partners.
  • In the coming months, Coursera aims to double its employees and expand its capacity to deliver the best online teaching and learning experiences in a diverse, global environment. Particular areas of focus will include both technological developments and strategic expansions.

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