Seek Group returned for a series F round that boosted the Stanford faculty-founded adult education provider's valuation to $2.5bn.
Coursera, a US-based online education spinout of Stanford University, received $130m in series F funding on Friday from investors including recruitment firm Seek Group.
Venture capital firm New Enterprise Associates (NEA) led the round, which valued Coursera at $2.5bn, according to The Information. Kleiner Perkins, Learn Capital, SuRo Capital Corp and G Squared also took part.
Founded in 2012, Coursera provides free and paid-for online classes ranging from graphic design and coding to full-fledged university degrees, in partnership with more than 200 universities and educational organisations.
The series F proceeds will go to product development and international expansion in addition to improving the company’s engineering capabilities and growing the number of courses on offer. It has already launched tools to retrain unemployed workers and help universities deliver modules to students remotely.
Coursera has raised approximately $443m in total, Seek Group having led a $103m series…
Thierry Heles
Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).
