Online learning startup Coursera is the newest member of Silicon Valley’s unicorn club after securing $103 million in Series E funding Thursday.
Australian-based SEEK Group led the round that valued Coursera “well north” of $1 billion, according to a company spokesperson. Existing investors Future Fund and NEA also participated in the round.
Coursera offers more than 3,200 online classes from 150 universities across the world. According to the company, its community has 40 million registered users, up from 26 million in June 2017. Users can take free or paid classes in addition to skills certifications for more than 300 specializations.
They can also earn 14 degrees from partner universities.
The funding will help Coursera expand internationally and further develop its online learning platform, Coursera CEO Jeff Maggioncalda said in a statement.
Coursera has raised over $210 million since 2012, according to CrunchBase, and has become increasingly diversified as more students look to alternatives to traditional four-year universities and the student-loan debt that oftentimes come with them.
In January 2019, Coursera launched a healthcare vertical to address the acute shortage of skilled workers in the healthcare industry in partnership with top-ranked partners like Columbia University, Johns Hopkins University, and the University of Michigan.