Coursera, a Mountain View, CA-based platform for open access, online education, raised a total of $49.5m in a first closing of its Series C financing.
The round was led by New Enterprise Associates (NEA) with participation from Kleiner Perkins Caufield & Byers (KPCB), International Finance Corporation (IFC), Times Internet (TIL), a subsidiary of Bennett, Coleman and Company Limited (BCCL), GSV Asset Management and Learn Capital.
The company, which expects a second closing early in the fall that will bring total Series C funding to $60m, will use the funds to source new content, expand its global reach in key markets including Latin America, China, and India, and continue to improve the learning experience for people of all backgrounds.
Founded in 2012 and led by Rick Levin, CEO, Coursera partners with schools like Yale University, Johns Hopkins University, University of Edinburgh, Peking University, and others to offer courses in dozens of topics, from computer science to psychology and beyond. It now offers 1,100 courses to nearly 15 million learners across the globe.
The company recently launched the Global Skills Initiative to bring companies and universities together to create Specializations, series of courses that teach skills in job-relevant fields.