MOOCs: Coursera Raises Another $20 Million in Funding
After being founded just last year, online education startup Coursera turned heads this summer when it raised a $43 million Series B round.
Coursera’s current business model is selling verified certificates that students have completed its classes.
Turns out the final amount of the round was actually $63 million.
The company created by two Stanford professors told AllThingsD it had added $20 million more, with the delay from the previous close attributed to the fact that much of the money was coming from three university partners, who have long due diligence processes.
Coursera now has a staff of about 70 people…
Coursera has not announced the names of the three university partners.
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About Gary Price
Gary Price (firstname.lastname@example.org) is a librarian, writer, consultant, and frequent conference speaker based in the Washington D.C. metro area. He earned his MLIS degree from Wayne State University in Detroit. Price has won several awards including the SLA Innovations in Technology Award and Alumnus of the Year from the Wayne St. University Library and Information Science Program. From 2006-2009 he was Director of Online Information Services at Ask.com.