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/ ]