Investors Wise Up to Coursera, Bring Total Series A to $22M
July 19, 2012
Coursera, a company launched by Stanford computer science professors that offers university classes for free online, has secured a $3.7 million investment from the California Institute of Technology and the University of Pennsylvania, plus additional funding from existing investors New Enterprise Associates and Kleiner Perkins Caufield & Byers. Including NEA and KPCB's $16 million investment in April, Coursera's total Series A financing now rings in at over $22 million. In other news on the education revolution front, 13 more universities including Duke and Caltech have signed agreements with Coursera to put their web-based courses online for free.