FutureLearn raises $65M from Seek Group
London-based online degree platform, FutureLearn has raised $64.6M from Australian-based online job matching, Seek group in exchange for a 50 percent stake in the business. SEEK Group is an Australian based online educational and employment service provider. Veteran an Open University in U.K. which had wholly owned the FutureLearn platform, but now SEEK Group owns the 50 percent stake in the business.
FutureLearn courses were launched in 2013 and from then, a total of more than nine million people have signed up on its platform. FutureLearn offers around 2,000 courses which include short courses, postgraduate diplomas and certificates. The company has also partnered with six U.K. universities on the full degree courses at this stage. This investment would allow both Future Learn and SEEK Group to focus on developing more courses and qualifications for both learners and employers which will include building a portfolio of micro-credentials and fully online degrees.