Caltech Invests In Coursera

The California Institute of Technology is backing, Coursera, a startup in the area of online education with an equity investment, plus the promise to put some of its courses online for free, in a deal worth $3.7M, the school announced this morning with Coursera. According to Coursera, Caltech and the University of Pennsylvania have invested a combined $3.7M in investments to back its efforts to put university courses online. Coursera allows anyone to take university courses online, for free, across a wide range of disciplines. The investment came as Coursera announced this morning that it will carry courses from Caltech, Duke, EPFL (Lausanne), Georgia Tech, Johns Hopkins, Illinois, Rice, UCSF, University of Edinburgh, University of Toronto, UVA and University of Washington online. Coursera already has funding from Kleiner Perkins Caufield & Byers and New Enterprise Associates, and is based in Mountain View. More information »