According to multiple reports, iversity, a Neuenhagen bei Berlin, Germany-based provider of a cloud education platform, raised an undisclosed round of funding.
Backers included T-Venture, and new CEO Marcus Riecke.
The company intends to use the capital to develop their open online courses in Europe.
Founded in 2011 by Jonas Liepmann and Hannes Klöpper, iversity combines the communicative nature of the university with the dynamics of a social network to allow faculty and students to create courses, research projects and events. Its platform features file sharing and discussion forum for academic content (literature, links, files, pictures), class calendar and student notifications, online annotation of texts and images, print-on-demand service for readers and lecture notes and option to order books.
The company, which currently employs around 20 people, raised over $2m in 2011 (read here) from BFB early stage fund Brandenburg GmbH and bmp media investors AG.