|Coursera Plans To Double In Size|
|Written by Sue Gee|
|Thursday, 11 July 2013|
Having secured a fresh injection of funding, Coursera plans to recruit more staff, partner with more institutions and offer more features to more students.
Cousera, which launched as a MOOC platform in April 2012 and recently hit the 4 million student mark, has attracted Series B funding amounting to $43 million. Its new investors are the International Finance Corporation , the investment arm of the World Bank; Laureate Education; GSV Capital; Learn Capital; and Russian venture capitalist, Yuri Milner. Kleiner Perkins Caufield & Byers and New Enterprise Associates, who participated in the initial round of funding that amounted to $22 million, are now furthering their investment in this round as well.
What does the the new funding mean? Co-founder Daphne Koller told Silicon Valley Business Journal:
"We started with four university partners a year ago and now we have 83 on four continents. "We have gotten this far on our original funding by being very, very frugal. Now we can be a little less frugal and really grow."
It also hopes to more than double its students number in the not-to-distant future with 10 million being the number to aim for. Among its list of forthcoming features, it lists:
Cousera already offers plenty of classes that are of interest to programmers, with more currently coming on stream every month, as evidenced by our regular round up of Computer Science MOOC and online classes.
Given that it remains:
committed to offering free courses to benefit its global audience of learners, while also acknowledging the important role traditional institutions play in the future of education.
its expansion has to be welcomed as a way to enable students around the world to learn without limits.
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|Last Updated ( Thursday, 11 July 2013 )|