Coursera Raises $16M in Venture Capital Funding

Coursera, a Mountain View, CA-based provider of an online education platform, has raised $16m in venture capital funding.

Backers include Kleiner Perkins Caufield & Byers (KPCB) and New Enterprise Associates (NEA).

The company intends to use the capital to expand its platform, grow the organization, and develop more partnerships such as the ones just announced with universities, including Princeton University, Stanford University, the University of Michigan and the University of Pennsylvania, which will be offering web-based classes for free.

In conjunction with the funding, John Doerr, partner at KPCB, and Scott Sandell, General Partner at NEA, have joined Coursera’s Board of Directors.

Founded by Stanford Computer Science Professors Daphne Koller and Andrew Ng, Coursera provides a comprehensive education platform that combines learning principles with video lectures, interactive content and a global community of peers. The company offers courses across a broad range of disciplines, including medicine, literature, history and computer science, among others.

Coursera is currently hiring (



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