NEA Joins $64M Series D for Coursera

6/7/17

Online education company Coursera has raised $64 million in a series D round of funding led by GSV Asset Management, with participation from New Enterprise Associates (NEA), Kleiner Perkins Caufield Byers (KPCB), Learn Capital, and the Lampert Foundation.

Founded in 2012, Coursera partners with universities and educational institutions to deliver online courses to more than 26 million students, covering technology, business, science, and more. The Mountain View-based company is one of a number MOOCs — massive open online course — to emerge in recent years. Rivals include Udemy, which closed a $60 million round last year to take its total funding past the $170 million mark; Duolingo, which recently raised $45 million; and Udacity, which celebrated five years in business.

Back in August, Coursera for Business launched to tap the billion-dollar corporate e-learning market, followed shortly by a version specifically for governments and nonprofits. And a few months back, Google and Coursera partnered to introduce Cloud Platform training courses for businesses.

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