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Venture firms help Coursera expand Series B round to $63m

25 Nov 2013

glasses-learning-education_sqEarly-stage investors GSV Capital and Learn Capital have helped online education business Coursera bring its Series B round to $63m by backing an extra $20m of financing.

A trio of universities also joined the $20m extension alongside the venture firms, which had already committed capital to Coursera’s Series B round.

The company’s software allows free online access to classes from top universities and institutions, combining video lectures, interactive content and a global community of peers.

Other venture backers of the business include Kleiner Perkins Caufield & Byer and New Enterprise Associates, while its university investors include California Institute of Technology and the University of Pennsylvania.

Coursera co-founder Daphne Koller said, “Over the past year, we’ve dedicated much of our effort to expanding Coursera’s course offerings and channels of access to give our growing student population more opportunities to learn.

“Now, with continued funding and with John and Tom leading our product team, we’re excited to see Coursera grow and provide our university partners and our students with a truly outstanding learning experience.”

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