Investment has been completed on Oct 1, 2021
- Net profit
Coursera's most important core belief is that learning is the source of human progress that leads to health, prosperity and peace. The online platform offers anyone anywhere access to online courses and degrees from world-class universities and companies. Investment in Coursera pre-IPO closed with +102%.
Coursera is the biggest platform that provides open online learning courses. Coursera partners with more than 200 leading university and industry partners, including Yale, Stanford, Princeton, Google, and Goldman Sachs. In Europe and the USA many companies recognize Coursera courses as full university degrees.
The platform has 87M registered learners that can access 5,000 courses and 550 specializations. Over 100 companies from the Fortune 500 list are using Coursera, including General Electric, Procter & Gamble, Danone, L’Oréal.
In 2020, Coursera provided free course access to all universities affected by COVID-19. In February 2021, Coursera received B Corp certification, recognizing the company's positive impact on society.
From 2017 to 2020, Coursera's revenue grew 32% per year. In 2020, due to increased demand for remote learning, its revenue increased by 59% to $293.5M.
Online education is one of the fastest-growing tech markets in the world. According to Technavio, in 2020-2024 it will grow by $247B.
The Massive Open Online Course (MOOC) Market size is projected to reach $67B by 2027 from $7B in 2020, growing at a CAGR of 37.2% during this period.
Coursera operates on the same market as Chegg, Udemy, Udacity, MasterClass. Tight collaboration with reputable universities distinguishes the company from its competitors. Coursera allows you to get a bachelor's or master's degree at a cheaper price than similar full-time programs.
In February 2020 our team invested in Coursera at $13.86 per share. In July 2020, the company raised $130M in Series F round led by NEA. This brought Coursera’s valuation to $2.5B, its price per share was pushed up to $17.
The company went public in March 2021, and the lockup period for investors expired in late September. In October, the investment closed at $32.78, with +102% result.