Online Education Provider Coursera Is Now Worth More Than $1 Billion

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Online Education Provider Coursera Is Now Worth More Than $1 Billion
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The seven-year-old online education provider, based in Mountain View, California, announced this morning that it had raised an additional $103 million in funding.

“This gives us the resources to more aggressively push on our mission of greater access to quality education and greater opportunity for people who are being left behind in this economy,” he says.last October, the number of registered learners on the site has climbed from 36 million to 40 million. When we published, the company had been valued at $800 million. Its revenue, which Forbes pegged at $140 million in 2018, is fueled in part by partnerships with 1,800 enterprise customers.

Coursera’s news comes at a time when critics like Kevin Carey, director of education policy at the liberal-leaning New America foundation, have raised concerns about the high cost of online degrees. In a widely-read, headlined “The Creeping Capitalist Takeover of Higher Education,” he wrote that online education should slash the price of a good degree. But instead, many schools use online program managers, known as OPMs, to produce and market their online courses.

By contrast, Coursera does no course production and takes only 40% of tuition. Its marketing costs are low, says Maggioncalda, because it already reaches a huge number of learners. One example of a low-cost Coursera degree: its online

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