Online Learning Platform Coursera Raises $130 Million At Reported $2.5 Billion Valuation

. Based in Mountain View, California, it was founded in 2012 by Stanford computer science professors Daphne Koller and Andrew Ng, who envisioned it as a provider of Massive Open Online Courses, known as MOOCs. Their idea: Offer Stanford courses online to the world. The classes, a collection of short video lectures and multiple choice quizzes, would confer no college credit and they would be free of charge.

The most popular courses include Python programming language classes taught by University of Michigan instructors and a class calledWhen the pandemic hit, Maggioncalda says he wanted to help students who were suddenly forced to learn virtually. In June, he launched, which offers courses free to students enrolled in universities around the world. Some 1.4 million students have signed up, he says.

Coursera’s enterprise business, which markets continuing ed courses to 2,500 companies like Novartis and Adobe, has grown 70% year over year, says Maggioncalda, and accounts for a quarter of Coursera’s revenue. He won’t share specific numbers but Forbes estimates that sales grew from $140 million in 2018 to $225 million last year and are on track to gain another 30%-50% this year.

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