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July 10, 2013 04:08 pm GMT
It was just over a year ago that Coursera burst onto the higher education landscape with ambitious plans to throw open the doors to America’s top institutions, bring them online and offer an Ivy League-caliber education to the masses for free. Just two months after launch, the Mountain View-based startup put the finishing touches on an impressive $22 million funding round, backed by top venture firms like Kleiner Perkins and NEA as well as two of its university partners, The California Institute of Technology and the University of Pennsylvania. Fast forward to the present, and Coursera continues in the same fashion with which it launched. Having spread across four continents and partnered with 83 of America’s top colleges, Coursera now offers 400 free college-level courses to over four million students around the globe. And today, Coursera is adding a huge new chunk of change to its coffers, announcing that it has closed a $43 million series B financing round from GSV Capital, the International Finance Corporation (IFC), the investment arm of the World Bank, Laureate Education, Learn Capital and renowned entrepreneur and investor, Yuri Milner. With this new capital in tow, which brings its total to $65 million, Coursera has big plans ahead. Going forward, co-founder Daphne Koller tells us, the startup plans to begin making a big push internationally, including localization, expand its staff from 50 to 100, bring its platform to mobile devices, continue developing its API, which will third-party developers to build on top of its expanding ecosystem, and continue to add more elite higher ed institutions to its roster. Updating
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/kaWZgW0x28I/
Coursera Lands $43M From The World Bank, Yuri Milner And More To Go Big On Global And Mobile Growth
It was just over a year ago that Coursera burst onto the higher education landscape with ambitious plans to throw open the doors to America’s top institutions, bring them online and offer an Ivy League-caliber education to the masses for free. Just two months after launch, the Mountain View-based startup put the finishing touches on an impressive $22 million funding round, backed by top venture firms like Kleiner Perkins and NEA as well as two of its university partners, The California Institute of Technology and the University of Pennsylvania. Fast forward to the present, and Coursera continues in the same fashion with which it launched. Having spread across four continents and partnered with 83 of America’s top colleges, Coursera now offers 400 free college-level courses to over four million students around the globe. And today, Coursera is adding a huge new chunk of change to its coffers, announcing that it has closed a $43 million series B financing round from GSV Capital, the International Finance Corporation (IFC), the investment arm of the World Bank, Laureate Education, Learn Capital and renowned entrepreneur and investor, Yuri Milner. With this new capital in tow, which brings its total to $65 million, Coursera has big plans ahead. Going forward, co-founder Daphne Koller tells us, the startup plans to begin making a big push internationally, including localization, expand its staff from 50 to 100, bring its platform to mobile devices, continue developing its API, which will third-party developers to build on top of its expanding ecosystem, and continue to add more elite higher ed institutions to its roster. UpdatingOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/kaWZgW0x28I/
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