Global Online Learning Platform Coursera Raises $130 Million in Series F Round Led by NEA

EdTech news - Coursera Raises $130 Million

Coursera, the global learning platform that provides life-transforming learning experiences to anyone, anywhere, has raised $130 million in Series F round of funding, the company has announced recently.

The round was led by NEA and joined by existing investors including Kleiner Perkins, SEEK Group, Learn Capital, SuRo Capital Corp, and G Squared, according to the company.

Founded by two Stanford professors, Daphne Koller and Andrew Ng, Coursera provides universal access to the world’s best education by partnering with universities and organizations to offer courses online. It is now a leading online learning platform for higher education, with over 65 million learners from around the world coming to learn various skills of the future. More than 200 of the world’s top universities and industry educators partner with Coursera to offer courses, specialisations, certificates, and degree programs. The company claims, to date, it has partnered with more than 2,300 companies, including over 100 Fortune 500 organizations on their skills development goals.

Announcing the funding and its plans to use the new capital, Coursera CEO, Jeff Maggioncalda, wrote in a blog post,

“As millions of learners, thousands of campuses and companies, and hundreds of governments turn to our platform, it’s important that we continue to stay well-resourced to serve the world at a particularly challenging time. We will use the additional funding to double down on our product and engineering efforts, expand our job-relevant catalog, and further grow our international presence. In particular, it gives us the flexibility to meet the considerable demand for two of our COVID-focused initiatives – Campus Response Initiative to help universities teach impacted students and Workforce Recovery Initiative to help governments reskill unemployed workers.”

Stating that the jobs of the future will be powered by a highly-skilled and distributed workforce, collaborating virtually to deliver value, the CEO said Coursera, along with its community of partners, has been at the forefront of preparing individuals and institutions for the Fourth Industrial Revolution. He further said that the need to develop skills for a digital future is even more apparent now and that Coursera is there to enable its community of educators, enterprise learning leaders, and government partners in their efforts in every possible way.

Coursera has recently partnered with the government of Telangana and Odisha to train 50,000 unemployed youth in each state during the COVID-19 crisis. According to the initiative, both Telangana Academy for Skill and Knowledge (TASK) and Odisha Skills Development Authority (OSDA) will make Coursera’s 3,800 courses available to 50,000 unemployed youths each across their respective state. Coursera has also recently launched its Global Skills Index 2020, providing an in-depth look at the state of skills around the world.

Meanwhile, the CEO said that the latest funding has taken the company’s cash balance to more than $300 million.

Img Src

About the Author
Author: Stephen Soulunii
Stephen Soulunii No more a student, but love to learn. Not a teacher, but care about how students are taught. Not an educator, but want everyone to be educated. Not a social worker, but desire to see change. Not a reformer, but always want to see a better world. The author believes that only sound education can bring a better future, better world and technology can help achieve a lot in this field.

Like what we do?

The Latest EdTech News To Your Inbox

Follow us:



Latest EdTech News To Your Inbox

About ETR Community

EdTechReview (ETR) is a community of and for everyone involved in education technology to connect and collaborate both online and offline to discover, learn, utilize and share about the best ways technology can improve learning, teaching, and leading in the 21st century.

EdTechReview spreads awareness on education technology and its role in 21st century education through best research and practices of using technology in education, and by facilitating events, training, professional development, and consultation in its adoption and implementation.


-> Read More

Join the EdTech Community

Subscribe and Join the 100,000+ members who trust us...

I find every news, reviews very informative and interesting. This site is indeed a great site for both teachers and learners. Thanks to EdTech for creating such an enriching site on education. Hats off!!
- Regin Brown, Educationist and Blogger, United Kingdom

My group likes this site because it's so up-to-date and has tons of relevant articles.
- Angela Giuliano, Teacher, New Mexico

Your write ups and articles ignites the minds making them receptive to the whole new wealth of EdTech.
- Jagat Rana, Parent, India

EdTechReview has some great resources for teachers who need to get some ideas about technology in the classroom.
- Loretta Wideman,Teacher, East Africa

EdTechReview keeps educators up to date with trending tech savvy terms relative to the discipline.
- Dr. Ingrid Rizzolo,Education Professional, Curriculum and Instruction Designer, New York City Area

-> Read More

Go to Our Client List

Adobe Avaya Bettasia Bonio Campus Management CK12 CKS Evernote IBM Intel IQPC Kidzania McGraw Hill Moodle Moot USC Rossier CMR University The British School Canadian International School Pathways Ridge Valley

Subscribe to our Newsletters...