Online education startup Coursera announced that it raised $64 million in a Series D round in early June, with funding from GSV Capital, Kleiner Perkins, New Enterprise Associates, Learn Capital and the Lampert Foundation. The funding brings the company’s total amount of capital raised to $207.8 million to date, with a reported valuation at $800 million.
Coursera is among a slew of startups that aim to offer education and even degrees online at a fraction of what they would cost in a traditional classroom setting.
The sector is small, but investments in education-focused technology startups have increased in the past five years, with 2016 seeing 40 deals, compared with 30 the year before and 18 in 2014, according to VCJ’s analysis of Thomson Reuters data.
However, the average deal size in 2016 was substantially smaller than in previous years: $3.34 million, compared with $14.82 million in 2015 and $12.63 million in 2014.
Year-to-date in 2017, six startups have raised $99.8 million from investors, with the bulk of that funding going to Coursera. That’s driven the average deal size back up to $16.63 million.
Coursera still lags behind Lynda.com, which raised $289 million from firms like Accel Partners and Meritech Capital Partners before being acquired by LinkedIn in 2015 for $1.5 billion.
Below is a table of 10 ed-tech startups and deals that have raised the most money in the past five years.
Download Data: Top 10 U.S.-based education technology deals
Photo of apples with upward graph and dollar sign courtesy of no_limit_pictures/iStock/Getty Images
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