Press release

Coursera Secures $103M in Series E from New and Existing Investors

Sponsored by Businesswire

Coursera, the world’s leading online learning platform, today announced
closing a $103 million investment in a Series E equity round. SEEK
(ASX: SEK), a global leader in investing, scaling and
operating online employment and education businesses, led the round
while existing investors Future Fund and NEA also participated in the

“The Fourth Industrial Revolution, marked by advancements in automation
and artificial intelligence, is dramatically reshaping our lives,
businesses, and jobs. Coursera is at the forefront of preparing
individuals, companies, and governments to meet that challenge head-on
and turn this disruption into opportunity,” said Jeff Maggioncalda,
Coursera’s CEO. “The additional funding gives us the resources and
flexibility to further expand internationally and to accelerate the
development of a learning platform that currently serves 40 million
learners, 1,800 businesses, and over 150 top universities.”

Commenting on the investment, SEEK Co-Founder and CEO Andrew Bassat said
“This investment reflects our commitment to online education, which is
enabling the up-skilling and re-skilling of people and is aligned to our
purpose of helping people live fulfilling working lives.

We have been watching Coursera for many years; they have a great team of
people doing terrific work. We are pleased to come on board to partner
with them in their next phase of growth.”

Since raising a Series D in June 2017, Coursera’s learner base has grown
from 26 million to 40 million. The 3,200 courses and 310 Specializations
available on the platform are increasingly stackable, enabling learners
to acquire new skills and earn valuable credentials while also building
a pathway towards a full degree. The portfolio of degrees on Coursera
has also grown to 14 world-class degrees from the top universities in
high-demand areas of business administration, data science, computer
science, and public health.

In January of this year, the company — along with top-ranked partners
like Columbia University, Johns Hopkins and the University of Michigan
— announced the launch of a health content vertical to address the
acute shortage of skilled workers in the industry. And Coursera’s
enterprise offering, Coursera for Business, continues to grow
rapidly around the world with more than 1,800 customers including its
largest enterprise partnership to date with the Abu Dhabi School of
Government to upskill 60,000 government employees.

Coursera understands that collaboration between learners, educators and
employers is critical to creating an education ecosystem that aligns
with the needs of the new economy. As Coursera continues to grow, the
company remains committed to building a platform that brings these
stakeholders together to deliver a future where anyone, anywhere can
transform their lives through learning.

About Coursera: Coursera was founded by Daphne
and Andrew
with a vision of providing life-transforming learning experiences
to anyone, anywhere. It is now the world’s largest online learning
platform for higher education. 190 of the world’s top universities and
industry educators partner with Coursera to offer courses,
Specializations, and degrees that empower over 40 million learners
around the world to achieve their career goals. Over 1,800 companies
trust the company’s enterprise platform Coursera for Business to
transform their talent. Coursera is backed by leading venture capital
firms such as Kleiner Perkins, New Enterprise Associates, GSV Capital
and Learn Capital.

About SEEK: SEEK’s purpose is to help people live more fulfilling
and productive working lives and help organisations succeed. SEEK
operates world-leading online employment and education businesses across
the globe. SEEK has a relationship with over 190 million people and
900,000 organisations. SEEK is recognised by Forbes as a ‘Most
Innovative’ company and provides a culture of excellence and acceptance
celebrating the diversity of employees that contribute to the success of
the organisation.

SEEK is listed on the Australian Securities Exchange (ASX:SEK) and has a
market capitalisation of ~AUD$6 billion. SEEK is an active investor in
organisations that are aligned to its purpose.