This article helps provide funding data for part 4 of my annual review of the year in ed-tech

New MOOC Partners

The following partnerships were announced this year:

Edinburgh University joined edX.

Ural Federal University joined edX.

The University of Newcastle joined edX.

Imperial College London joined edX.

Teach for America joined edX.

Babson College joined edX.

edX partnered with Kiron and its university partners to offer college credit online for Syrian refugees.

The University System of Maryland joined edX.

Institut Mines-Télécom joined edX.

Georgia Tech joined edX as a charter member.

The KTH Royal Institute of Technology joined edX.

ITMO University joined edX.

The University of Oxford joined edX. So with Harvard and MIT and now Oxford on board, I guess MOOCs are finally official now.

Utrecht University partnered with Coursera.

(These partnerships often, but not always, involve some financial relationship between the MOOC provider and educational organization.)

Who’s Funding MOOCs

According to a filing, £14,475,000 went to FutureLearn this year.

Neither Coursera nor Udacity raised venture funding this year. The former has raised $146 million. The latter has raised $160 million.

Udemy, which also to associated itself with the 2012 MOOC hype, did raise funding this year. It’s now raised $173 million, a figure that's notably higher than Coursera and Udacity's investment totals.

The MOOC acronym appeared in press releases much more frequently in past years. This year, just a handful of startups who raised venture funding claimed they were MOOCs. More generally, these are the "online education" companies with investment this year:

  • Flex Class ($2,500,000) – investors were not disclosed
  • The Big Know ($3,000,000) – investors include LFE Capital and Steve Shank
  • MasterClass ($15,000,000) – investors include New Enterprise Associates, Javelin Venture Partners, Harrison Metal, Bloomberg Beta, Novel TMT Ventures, Advancit Capital, WME Ventures, Downey Ventures, Usher, Yan-David Erlich, and Matthew Rutler
  • Digischool ($15,700,000) – investors include Clément Cézard
  • Teachable ($2,500,000) – investors include Accomplice Ventures, Naval Ravikant, and Learn Capital
  • OpenClassroom ($6,740,000) – investors include Banque Publique d’Investissements, Citizen Capital, Xavier Niel, and Alven Capital
  • Noodle Partners ($4,000,000) – investors include Osage Venture Partners, New Markets Venture Partners, and 500 Startups
  • HarukaEdu ($2,200,000) – investors include Pearson Affordable Learning Fund (PALF), Samator Education, and CyberAgent Ventures
  • UNICAF ($12,000,000) – investors include University Ventures, CDC Group, and Savannah Fund
  • Udemy ($60,000,000) – investors include Naspers

Audrey Watters


Who's Funding Education Technology?

A Hack Education Project

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