Education

Online education provider is worth $7 billion after going public

From Forbes: “At its last fundraising round in July 2020, the company [Coursera] was valued at $2.6 billion according to Pitchbook. It’s now worth nearly $7 billion. … Coursera’s business has since turned a corner to focus on paid courses. In 2017, Maggioncalda, 51, took the top job and led the company on a new path. The founder and former CEO of financial planning website Financial Engines, he had never worked for an education company before joining Coursera. Under his leadership, Coursera’s consumer business, which sells online courses from 150 institutions to any student willing to pay, is generating the largest share of its revenue. According to its SEC filings, that segment generated $193 million of its $294 million in 2020 revenue.”

View the full article from Forbes.