By Steve Kolowich
The jury may still be out on how much money massive open online courses stand to generate for the companies and universities that offer them, but that has not deterred investors from betting big on Coursera, the largest MOOC company. The company announced on Wednesday that it had raised $43-million in its second round of financing, adding to the $22-million it raised last year.
The announcement came several months after Coursera started collecting revenue from students paying to take proctored examinations through the company’s “Signature Track” program.
The program has generated more than $800,000 since January, a portion of which has gone to the universities that offered the Signature Track MOOCs on the Coursera platform. So far, Signature Track is the company’s “only significant source of revenue,” said Nikki Sequeira, a spokeswoman, via e-mail.
Coursera recently said it would expand the Signature Track offerings to include courses for teachers in training, taking aim at an arm of professional education whose traditional programs have faced blistering criticism.
[ Full article available at The Chronicle of Higher Education: http://chronicle.com/blogs/wiredcampus/mooc-company-snags-43-million-in-venture-capital/44667 ]