Coursera co-founder Andrew Ng Photo by Steve Jennings/Getty Images for TechCrunch

Coursera has announced it has raised $103 million in Series E funding led by education focused company Seek Group, with participation from existing investors NEA and Future Fund. A TechCrunch article says the company is now valued at ‘well over’ $1 billion, citing a source close to Coursera.

Coursera says its user base has grown from 26 million to 40 million since it last raised funding in 2017. It now has 3,200 courses and 310 specializations available on its platform. Coursera has partnered with top learning institutions like the University of Michigan, Johns Hopkins, and Columbia University to offer courses to its users.

Coursera co-founder Daphne Koller Photo by Steve Jennings/Getty Images for TechCrunch

The company not only meets individual needs but also has an enterprise solution users by more than 1,800 companies to educate their employees. Coursera is backed by other notable VCs like GSV Capital, Learn Capital, New Enterprise Associates, and Kleiner Perkins.

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