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Coursera Adds Another $20M To Its Already Massive Series B

on November 23, 2013

TechCrunch

Back in July, Coursera announced a $43 million series B. Now the round has grown to an even more impressive $63 million with the addition of funding from three undisclosed university partners.

The education startup told AllThingsD that the delay was due to the new investors’ longer due diligence process. The round also includes additional funding from existing investors GSV Capital and Learn Capital.

Coursera has now raised a total of $85 million to fuel its ambitious mission of offering Ivy League-caliber education online for free. The startup competes with other MOOCs (massive open online courses) companies like Udacity and EdX. Udacity recently launched an comprehensive degree track program meant to compete with a much more expensive online master’s program in data science from UC Berkeley and 2U, while EdX partnered with Google to launch MOOC.org, which will allow teachers and businesses to create their own digital courses.

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