Online Education Startup Coursera Lands $16M From Kleiner & NEA, Adds John Doerr To Its Board

It has already been a year since Peter Thiel called public attention to the bubble growing in American higher education. Yet, the cost of receiving a college degree in the U.S. has continued to grow, as student debt in the U.S. today has pushed north of $1 trillion, with the average debt per student standing at more than $25,000. Mountain View-based Coursera is one of the many young edtech startups looking to help solve the rising costs in higher education by offering Ivy League-caliber courses online -- for free. To help steer it down this path, the startup is today announcing that it has raised $16 million in venture funding from Kleiner Perkins Caufield & Byers (KPCB) and New Enterprise Associates (NEA). As part of its investment, veteran investor, KPCB partner, and education reform advocate John Doerr and NEA General Partner Scott Sandell, have joined the startup's board of directors.

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