Online education company Coursera is fast becoming an investor’s pet with a new $43 million round of funding.
Coursera, which provides hundreds of courses online, said Wednesday it raised the Series B financing from new investors Laureate Education Inc., the World Bank’s investment arm, LearnCapital Venture Partners, GSV Capital and venture capitalist Yuri Milner. Previous investors Kleiner Perkins Caufield & Byers and New Enterprise Associates, whichinvested $16 million in Coursera last year, boosted their stakes in the latest round.
All told, Coursera has banked $65 million since last April. The company is one of several providers of so-called massive open online courses, or MOOCs. One of its largest competitors is Udacity, which raised a total of $21.5 million, as of its latest VC round in October.
Coursera co-founder Andrew Ng and investors declined to provide details of the firm’s valuation.
Coursera has grown exponentially since its spring 2012 launch, and now counts more than 4 million unique users, 394 courses and 83 partner institutions. The firm hasn’t turned a profit yet, but it is closing in on $1 million in total revenue thanks to fee-based services such as signature-based user verification, certificates of completion and licensing agreements