Coursera, a massive online course platform, has added $20 million to its latest funding round, bringing the total Series B raise to $63 million. The company previously raised $43 million in the round this past July. The new funding includes participation from three universities that offer courses on Coursera, as well as two existing Series B investors focused on education—GSV Capital and Learn Capital.
Coursera has been preparing for its next phase of growth by working with universities to create and offer compelling content to students, as well as by developing its internal capacity. Proceeds from the Series B will further support these initiatives, which focus on ongoing technological developments, strategic partnerships and the build-out of Coursera's product and recruiting teams. Coursera, which encompasses more than 100 institutional partners in 19 countries, 700 professors and 5.5 million learners worldwide, previously raised $22 million of Series A funding at a valuation of $47.5 million in 2012.