Education

Seek Group led a series E round that valued Coursera at more than $1bn, boosting the Stanford-founded online education provider’s total funding to more than $313m.

Bonsal will return to venture capital, ending a six-year spell as director of venture creation at Towson through which he was credited with the realignment of its incubator.

Penguin Innovations has spun out of Purdue’s College of Pharmacy with a virtual cleanroom training program for pharmacy students.

Evervault is pursuing seed funding for encryption software that protects compromised networks, while MyStudyPal has launched an academic timetabling app.

Ikove Venture Partners has launched a $10m venture capital vehicle to help spawn spinouts based on projects at Ohio universities.

Online higher education platform Unicaf has raised series B funding from a consortium also including Goldman Sachs, EdX and CDC Group as it gears up to target more students.

Coursera, which enables users to take online university courses, recently raised a $49m first tranche of a $60m series C round and is setting its sights on India.

MOOCs continue to dominate higher education headlines, but what is the current state of play, and what does the future hold for online course providers?

The Shared Learning Collaborative (SLC), backed by $100m from The Gates Foundation, the Carnegie Corporation, and others, rebrands as new startup inBloom.