iversity, a Neuenhagen, Germany-based newly launched online collaboration network for professors and students, has raised €1.1m ($1.6m) in venture capital.
Backers include Frühphasenfonds Brandenburg and BMP media investors (bmp will hold a 10.1% stake in the company).
The company intends to use the new capital to redesign and develop the online platform after the beta phase, in which more than 11,000 users registered at www.iversity.org., and expand globally.
Founded by Jonas Liepmann and Hannes Klöpper, iversity offers a SaaS solution for e-learning and e-science designed to help teachers and students manage their materials and organize seminars, research projects, and conferences.
The team includes twenty international young graduates from a variety of academic backgrounds.