Total amount raised
$458.9 Million
Latest funding date
1/1/2021
Location
Coursera has successfully raised funding through 13 rounds, attracting a diverse group of 35 investors. The platform offers a wide range of educational opportunities, including courses, certificates, and degrees from top universities and companies.
Recent funding rounds have seen participation from notable investors, further solidifying Coursera's position in the online education market. 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, is a prominent player in the online education industry. Based in Mountain View, California, the company operates within the e-learning, EdTech, and internet sectors.
With a workforce of 1001-5000 employees, Coursera offers a diverse range of courses, certificates, and degrees from top universities and companies. The platform caters to individuals, businesses, universities, and governments, providing opportunities to learn new skills and advance careers.
How Much Funding Has Coursera Raised?
- Series B
- Amount Raised: USD 20,000,000
- Date: November 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's course offerings and enhance user experience.
- Series C
- Amount Raised: USD 49,500,000
- Date: August 2015
- Lead Investors: New Enterprise Associates
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and expand into new markets.
- Series C
- Amount Raised: USD 11,600,000
- Date: October 2015
- Lead Investors: EDBI
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform's technology and course offerings.
- Series D
- Amount Raised: USD 64,000,000
- Date: June 2017
- Lead Investors: GSV Asset Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's global reach and enhance its enterprise offerings.
- Series E
- Amount Raised: USD 103,000,000
- Date: April 2019
- Lead Investors: SEEK
- Valuation at Round: USD 1.66 billion
- Motivation Behind the Round: To expand internationally and increase the course catalog.
- 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: USD 130,000,000
- Date: July 2020
- Lead Investors: New Enterprise Associates
- Valuation at Round: USD 2.5 billion
- Motivation Behind the Round: To expand internationally and hire more employees, driven by the increased demand for virtual learning due to the COVID-19 pandemic.
- Secondary Market
- Amount Raised: USD 13,700,000
- 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: USD 1,100,000
- Date: October 2020
- Lead Investors: Global Secure Invest
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and expansion efforts.
- Series Unknown
- Amount Raised: USD 1,000,000
- Date: January 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support general corporate purposes and operational needs.
Total Amount Raised: USD 403,900,000. Current Valuation: USD 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 focus on companies at various stages of growth, from seed to growth-stage investments.
- Investment Focus Areas: Technology, healthcare, energy.
- Notable Investments: Robinhood, Uber, Cloudflare.
- Kleiner Perkins
- Details: Kleiner Perkins is a venture capital firm that focuses on early-stage to growth-stage investments in technology and life sciences sectors. They have a history of backing transformative companies.
- Investment Focus Areas: Technology, life sciences, healthcare.
- Notable Investments: Google, Amazon, Twitter.
- SEEK Group
- Details: SEEK Group is an Australian company that invests in online employment and education businesses. They aim to help people with career development and education.
- Investment Focus Areas: Online employment, education, training.
- Notable Investments: FutureLearn, Zhaopin.
- Learn Capital
- Details: Learn Capital is a venture capital firm that focuses on early-stage investments in the education technology sector. They support companies that innovate in learning and education.
- Investment Focus Areas: Education technology.
- Notable Investments: Udemy, VIPKid.
- SuRo Capital Corp
- Details: SuRo Capital Corp invests in high-growth, venture-backed private companies in the technology, education, and life sciences sectors. They aim to provide capital to innovative companies.
- Investment Focus Areas: Technology, education, social media.
- Notable Investments: Palantir, Spotify.
What's Next for Coursera?
Coursera stands at the cusp of significant growth opportunities, driven by the surge in demand for online education. The platform's international expansion and increased hiring are set to capitalize on the global higher education market, valued at $2 trillion. Additionally, the enterprise division, which has grown by 70% year-over-year, presents a substantial avenue for revenue growth.
Future fundraising opportunities appear promising, with the potential for additional investment rounds to support Coursera's ambitious expansion plans. The company's increased valuation to $2.5 billion reflects strong investor confidence, which could attract further capital. However, Coursera may face challenges such as competition from other online learning platforms and ensuring the quality of its courses as it scales.
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