Coursera has raised $16 million in venture capital funding from Kleiner Perkins Caufield & Byers (KPCB) and New Enterprise Associates (NEA). As part of the investment round, John Doerr, partner at KPCB, and Scott Sandell, General Partner at NEA, have joined Coursera’s board of directors.
Coursera was founded by Stanford Computer Science Professors Daphne Koller and Andrew Ng. It is an online education platform that offers classes from top universities and professors for free. Courses are offered in multiple disciplines, including business, medicine, social studies, history, literature, mathematics and computer science, among others.
John Doerr: Higher education is ripe for innovation: it is too expensive and limited to a few.