Online Learning Update

July 19, 2013

World Bank invests in online learning

Filed under: Online Learning News — Ray Schroeder @ 12:04 am

by the Business Recorder

Online education service Coursera on Wednesday announced a fresh round of funding from the investment arm of the World Bank and other backers. The Silicon Valley-based start-up said that it took in $43 million from a group of investors that included the World Bank’s International Finance Corporation and Russian venture capitalist Yuri Milner. “Coursera is on the forefront of transforming the $4.5 trillion dollar learning industry,” said Michael Moe, chief of GSV Capital, which also participated in the funding round. “Coursera is democratising access to the best universities and professors in the world.” was created by Stanford University professors and launched in April of last year as an online venue for free university classes.

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