Coursera, the online higher education portal that offers free courses from a consortium of universities including Princeton, University of Michigan, Stanford and Penn, yesterday announced that the
University of Pennsylvania and Caltech have made a combined $3.7 million investment in Coursera, with further investment from New Enterprise Associates and Kleiner Perkins Caufield & Byers. The total investment in Coursera is now $22 million. Coursera also announced that 12 more institutions of higher education have agreed to provide online courses through its platform. Coursera has not unveiled a monetization plan yet.
Update 7/19:
The University of Washington says it will offer credit for some courses it offers through Coursera for a fee.
Philadelphia-based youth-oriented discount retailer
Five Below increased its planned IPO pricing range from $12 to $14 to $15 to $17 per share. At the high end of the range, Five Below could have a value in excess of $900 million. The offering is expected to begin tomorrow (Thursday).
EXCLUSIVE-Silicon Valley startup, Workday, quietly files for IPO-sources (Reuters)
Emerging threat to SAP.
SAP North America’s New President: She’s Not Playing It Safe (ASUG News)