Education company that partners with the top universities and organizations in the world to offer courses online for anyone to take
Traditional access model for higher-education courses
- More than 5 million students enrolled across 532 courses.
- Announced a deal with the U.S. Department of State to be a partner for its new Learning Hubs initiative, offer physical spaces around the world where people can access the Internet to take a Coursera course
- Recently partnered with World Bank for Open Learning Campus massive open online course (MOOC) program.
- Recently launched in China through partnership with NetEase, a China-based Internet company that has already partnered with TED and the Khan Academy.
- Reached $1 million in revenue and 25,000 students through its student ID and certificate program, Signature Track, in September.
- More than 70 percent of students paying between $30 and $100 for certificate already had bachelor's degree; stated online course was to prove skills to an employer or improve resume.
- More than 107 top universities and seven professional development institutions offer Coursera modules.
- Majority of students are outside the U.S.
- 10 public university systems—including the state systems of New York, Tennessee, Colorado and the University of Houston—have plans to incorporate MOOCs and platforms offered through Coursera.
- Completed its largest round of fundraising in July, including investment from Russian serial tech investor Yuri Milner of Digital Sky Technologies.
Headquarters: Mountain View, Calif.
CEO: Daphne Koller and Andrew Ng (co-CEOs and cofounders)
Year Founded: 2012
Number of Employees: 45
Funding: $65 million
Key Investors: Kleiner Perkins Caufield and Buyers, New Enterprise Associates, World Bank, Yuri Milner, GSV Capital, International Finance Corporation. Non-VC funders: University of Pennsylvania, Caltech
"A transformation of a sector that fundamentally changes—hopefully for the better—access, costs or functionality available to consumers of that sector."