Coursera Raises an Additional $103 Million – Closer to an IPO?

Coursera.org has raised an additional $103 million in funding, Jeff Maggioncalda, CEO of the company announced.

This investment, in a Series E equity round, comes from the Australian SEEK Group ($50 million) and two existing investors, Future Fund and NEA.

How this funding will be used was not disclosed. “The additional funding gives us the resources and flexibility to further expand internationally and to accelerate the development of a learning platform that currently serves 40 million learners, 1,800 businesses, and over 150 top universities,” said Jeff Maggioncalda.

Coursera, the leading MOOC platform which competes with Udacity and edX, has raised a total of $313 million in funding over 9 rounds, including this latest one.

This investment places the company closer to an IPO.

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