1. Coursera secures $64 mn funding led by GSV

Coursera secures $64 mn funding led by GSV

Online education firm Coursera has raised $64 million from GSV Asset Management, New Enterprise Associates (NEA) and Kleiner Perkins Caufield Byers (KPCB), among others.

By: | New Delhi | Published: June 8, 2017 3:21 PM
Coursera, Online education firm, GSV Asset Management, GSV, Coursera for Business, fast-growing enterprise business The ‘series D’ funding round also saw participation from Learn Capital and Lampert Foundation, Coursera said in a statement. (Reuters)

Online education firm Coursera has raised $64 million from GSV Asset Management, New Enterprise Associates (NEA) and Kleiner Perkins Caufield Byers (KPCB), among others. The ‘series D’ funding round also saw participation from Learn Capital and Lampert Foundation, Coursera said in a statement. The new funding takes the company’s total capital raised to date to $210.3 million. Coursera has over 26 million registered learners globally. 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, it 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 CEO Rick Levin said. India is Coursera’s largest market outside of the US with over 2 million registered learners.

Coursera, which recently launched Coursera for Business (to help companies manage workforce transformation at scale), has been adopted by over 50 companies globally, around the world, including BCG, BNY Mellon, L’Oreal, Paypal, and Air France KLM. Within five years of its founding, Coursera has emerged as a strong player for higher education with 150 university partners and 2,000 courses, including fields like data science, computer science, and business.

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