Economic Development Board, one of departments of Singapore Ministry of Trade and Industry announced on October 29th that they have participated in series C financing of the education technology giant, Coursera. In August, Coursera has raised almost half billion dollars financing which led by New Enterprise Associates, KPCN, International Finance Corporation and Times Internet Limited. Now investment from the government of Singapore has bringing the series C funding to US$61.1 million. The amount Singapore government has invested in Coursera has not been disclosed. Including this round, Coursera’s total funding so far is around US$146.1 million. Continue reading
“Rich Lyons, dean of UC-Berkeley’s Haas School of Business, has publicly predicted that as many as half the business schools in the U.S. could shutter in as little as five years or as many as 10. How disruptive do you think this is going to be?”
— Fortune, “Colleges will survive the online education revolution”
In the past ten years, Venture Capital and Private Equity firms have gradually grow interest in internet educational companies and invested in thousands of educational startups in a global wide. As a major part of internet educational firms, online education companies make people have chance to receive education as long as they have access to Internet. Besides, online education startups not only focus on early childhood education, K12 education system, college education, also involve continuing education and vocational training.