Today, we’re happy to announce that Coursera has raised $130 million as part of the Series F up round. This financing brings the company’s cash balance to more than $300 million. The round was led by NEA and joined by existing investors Kleiner Perkins, SEEK Group, Learn Capital, SuRo Capital Corp, and G Squared.
Coursera, along with its community of partners, has been at the forefront of preparing individuals and institutions for the Fourth Industrial Revolution. The ongoing pandemic has further accelerated the rate of digital transformation among companies. The jobs of the future will be powered by a highly-skilled and distributed workforce, collaborating virtually to deliver value.
As millions of learners, thousands of campuses and companies, and hundreds of governments turn to our platform, it’s important that we continue to stay well-resourced to serve the world at a particularly challenging time. We will use the additional funding to double down on our product and engineering efforts, expand our job-relevant catalog, and further grow our international presence. In particular, it gives us the flexibility to meet the considerable demand for two of our COVID-focused initiatives — Campus Response Initiative to help universities teach impacted students and Workforce Recovery Initiative to help governments reskill unemployed workers.
The world is facing unprecedented economic disruption, and the need to develop skills for a digital future is even more apparent now. We are deeply inspired by how our community of top educators, enterprise learning leaders, and government partners are coming together to serve the world with generosity, innovation, and dedication. We are here to enable their efforts in every possible way.2