Coursera acquires $103M in Series E funding round

Coursera, the online education platform, has recently secured $103 million in a recently Series E funding round spearheaded by SEEK Group.

SEEK is known for investing and scaling online education and employment businesses. Existing investors Future Fund, and New Enterprises Associates (NEA) also participated in this round of funding.  

On the funding, Jeff Maggioncalda, CEO, Coursera, said in a statement, "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."

The global edtech platform had last raised its Series D funding. Since then, the team claims to have a base of 40 million, and over 3,200 courses and 310 specialisations on the platform. The idea is to enable learners acquire new skills and credentials that help in their careers.

The team adds that the platform's portfolio of degrees has also increased to over 14 degrees from the top universities in data science, business administration, public health, and computer science.

On the investment, SEEK Co-founder and CEO Andrew Bassat stated, “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. We have been watching Coursera for many years; they have a great team of people doing terrific work. We are pleased to come on board to partner with them in their next phase of growth.”

Read more here.

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