Ivy League–caliber universities and graduate programs are known for being both highly selective and very costly, which means that for many students, continuing and executive education may offer the best shot at access to their resources and expertise. Since 2015, online education company Emeritus has striven to break down barriers between students and those schools. It partners with over 50 high-ranked institutions, including Harvard Medical School and MIT Sloan School of Management, to offer online certificates, courses, and degrees—through programs that in some cases are paid for by students’ employers.
Emeritus has served more than 200,000 learners since its launch, and this year alone it will reach 250,000 users across over 80 countries—part of a broader ambition to upskill and reskill the global workforce. The business has a current valuation of $3.2 billion and says it is set to realize over $500 million in bookings in 2022. It raised $650 million in Series E funding in August, in a round led by Accel and SoftBank Vision Fund 2 that included returning investors such as the Chan Zuckerberg Initiative and Leeds Illuminate.
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Accel, SoftBank Vision Fund 2, the Chan Zuckerberg Initiative, Leeds Illuminate