Total amount raised
$458.9 Millions
Latest funding date
Location
Coursera has successfully raised significant funding through multiple rounds, attracting a diverse group of investors. The platform offers a wide range of online courses, degrees, and certificates in collaboration with leading universities and organizations.
Keep reading to explore the intricacies of Coursera's fundraising journey and the investors backing this innovative platform.
What Is Coursera?
Coursera, founded in 2012 by Andrew Ng and Daphne Koller, is an online learning platform based in Mountain View, California. The company collaborates with over 350 leading universities and organizations to offer a wide range of educational resources, including degrees, certificates, and free online courses.
With a mission to provide universal access to world-class learning, Coursera serves millions of learners globally. The platform offers expert-led programs, job-ready certificates, and a vast catalog of courses to help individuals grow their careers.
Coursera employs between 1001 and 5000 people, working together to deliver high-quality education and training solutions for individuals, businesses, universities, and governments.
How Much Funding Has Coursera Raised?
- Series B
- Amount Raised: $20M
- Date: November 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the course offerings and improve the platform's technology.
- Series C
- Amount Raised: $49.5M
- Date: August 2015
- Lead Investors: New Enterprise Associates
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the user experience.
- Series C
- Amount Raised: $11.6M
- Date: October 2015
- Lead Investors: EDBI
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand the platform's reach and course catalog.
- Series D
- Amount Raised: $64M
- Date: June 2017
- Lead Investors: GSV Asset Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support international expansion and new product development.
- Series E
- Amount Raised: $103M
- Date: April 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: $1.66 billion
- Motivation Behind the Round: To enhance the platform's technology and expand its global footprint.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: August 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Series F
- Amount Raised: $130M
- Date: July 2020
- Lead Investors: New Enterprise Associates
- Valuation at Round: $2.5 billion
- Motivation Behind the Round: To support international expansion and increase workforce.
- Secondary Market
- Amount Raised: $13.7M
- Date: August 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Series F
- Amount Raised: $1.1M
- Date: October 2020
- Lead Investors: Global Secure Invest
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further support platform enhancements and growth initiatives.
- Venture Round
- Amount Raised: $1M
- Date: January 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue scaling operations and expanding course offerings.
Coursera has raised a total of $464.9M with a current valuation of $2.5 billion.
Key Investors
- NEA (New Enterprise Associates)
- Details: NEA is a global venture capital firm that invests in technology and healthcare sectors. They have a history of supporting companies at various stages of growth.
- Investment Focus Areas: Technology, healthcare, consumer sectors.
- Notable Investments: Robinhood, Coursera, Duolingo.
- Kleiner Perkins
- Details: Kleiner Perkins is a venture capital firm that focuses on early-stage and growth companies in technology and life sciences. They have been instrumental in the growth of several tech giants.
- Investment Focus Areas: Technology, life sciences, healthcare.
- Notable Investments: Google, Amazon, Twitter.
- SEEK Group
- Details: SEEK Group is an investment firm specializing in online employment and education services. They have a strong presence in the Asia-Pacific region.
- Investment Focus Areas: Online employment, education services.
- Notable Investments: Zhaopin, JobStreet, Coursera.
- Learn Capital
- Details: Learn Capital is a venture capital firm that focuses on early-stage investments in the education technology sector. They aim to support innovative educational solutions.
- Investment Focus Areas: Education technology.
- Notable Investments: Udemy, VIPKid, AltSchool.
- G Squared
- Details: G Squared is a venture capital firm that invests in technology companies at various stages of growth. They focus on high-potential tech startups.
- Investment Focus Areas: Technology, growth-stage companies.
- Notable Investments: Lyft, Spotify, Pinterest.
What's Next for Coursera?
Coursera stands at the cusp of significant growth opportunities, driven by the surge in demand for online learning. The platform's expansion into international markets and its enterprise operations, which have seen a 70% year-over-year growth, present vast potential. Additionally, initiatives like "Coursera for Campus" and the "Workforce Recovery Initiative" are poised to attract more users and partnerships, further solidifying Coursera's market position.
Future fundraising appears promising, with the potential for additional rounds to support ongoing expansion and technological advancements. The company's recent $130 million Series F round, which brought its valuation to $2.5 billion, underscores investor confidence. However, Coursera faces challenges such as intense competition, maintaining course quality, and navigating the transition to paid subscriptions. Adapting to post-pandemic shifts in education and work environments will also be crucial for sustained success.
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