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Massive open online course platform Coursera has raised another $49.5 million in its most recent round of funding, a number that is expected to grow to $60 million this fall. The sum pushes Coursera well past the $100 million mark in total funding received, as the company stood at $85 million after its series B round, according to CrunchBase. Coursera CEO Rick Levin said the money will be spent on platform improvements and growth in countries such as China and India, which each have about one million registered users.
"We were not running out of money, but this simply gives us more capacity to continue to improve the platform and to really develop international markets at a faster rate," Levin said in an interview.
New Enterprise Associates, one of Coursera's original investors, returned for this round, which Levin described as a signal of "confidence." Times Internet, a subsidiary of the company that owns the Times of India, also joined the funding round, which Levin said will help Coursera expand in the country.
