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Online Education Startup Coursera Raises $43 Million

15 Jul

MacArthur Fellowship recipient Daphne Koller, left, and Andrew Ng, co-founders of Coursera, at their Mountain View, Calif., office on Wednesday.
[ Jason Henry for The Wall Street Journal ]

By Melissa Korn

Forget about teacher’s pet. Online education company Coursera is fast becoming an investor’s pet with a new $43 million round of funding.

Coursera, which provides hundreds of courses online, said Wednesday it raised the Series B financing from new investors Laureate Education Inc., the World Bank’s investment arm, LearnCapital Venture Partners, GSV Capital and venture capitalist Yuri Milner. Previous investors Kleiner Perkins Caufield & Byers and New Enterprise Associates, which invested $16 million in Coursera last year, boosted their stakes in the latest round.

All told, Coursera has banked $65 million since last April. The company is one of several providers of so-called massive open online courses, or MOOCs. One of its largest competitors is Udacity, which raised a total of $21.5 million, as of its latest VC round in October.

Coursera co-founder Andrew Ng and investors declined to provide details of the firm’s valuation.

[ Full article available at The Wall Street Journal: http://blogs.wsj.com/digits/2013/07/10/online-education-startup-coursera-raises-another-43-million/ ]

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Posted by on July 15, 2013 in MOOCs in the News

 

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