Coursera books $130M in new round
July 20, 2020
Online learning startup Coursera has raised $130 million in a Series F led by NEA. The new funding reportedly values the company at $2.5 billion.
Kleiner Perkins, SEEK Group, Learn Capital, SuRo Capital and G Squared also participated in the round. The funding brings the edtech company's total cash balance to more than $300 million. Coursera reached unicorn status in April 2019 with a $103 million round that valued it at $1.6 billion, according to PitchBook data.
The additional funds give the Mountain View, Calif.-based company flexibility for two pandemic-focused initiatives: helping governments retrain unemployed workers and teaching impacted students at universities. Another edtech company, Udemy, is seeking new funds at a $3 billion valuation, according to The Information.
More coronavirus news: Continuing coverage from PitchBook
Kleiner Perkins, SEEK Group, Learn Capital, SuRo Capital and G Squared also participated in the round. The funding brings the edtech company's total cash balance to more than $300 million. Coursera reached unicorn status in April 2019 with a $103 million round that valued it at $1.6 billion, according to PitchBook data.
The additional funds give the Mountain View, Calif.-based company flexibility for two pandemic-focused initiatives: helping governments retrain unemployed workers and teaching impacted students at universities. Another edtech company, Udemy, is seeking new funds at a $3 billion valuation, according to The Information.
More coronavirus news: Continuing coverage from PitchBook
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