Coursera Raises an Additional $103 Million – Closer to an IPO?

Coursera.org has raised an additional $103 million in funding, Jeff Maggioncalda, CEO of the company announced.

This investment, in a Series E equity round, comes from the Australian online recruitment and course directory provider SEEK Group and two existing investors, Future Fund and NEA.

How this funding will be used was not disclosed. “The additional funding gives us the resources and flexibility to further expand internationally and to accelerate the development of a learning platform that currently serves 40 million learners, 1,800 businesses, and over 150 top universities,” said Jeff Maggioncalda.

“This investment reflects our commitment to online education, which is enabling the up-skilling and re-skilling of people and is aligned to our purpose of helping people live fulfilling working lives,” said SEEK Co-Founder and CEO Andrew Bassat in a statement.

Coursera, the leading MOOC platform which competes with Udacity and edX, has raised a total of $313 million in funding over 9 rounds, including this latest one.

This investment places the company, now valued over $1 billion, closer to an IPO.

 

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