iversity Closes Funding Round; Brings Total Raised to over €5M

iversityiversity.org, a Berlin, Germany-based online platform for higher education, closes a new internal financing round with current investors.

bmp media investors, BFB Frühphasenfonds, and T-Venture extended its commitment to the company.

With the closing of the new financial round, iversity has now received more than €5m in venture capital since its foundation. It plans to use the funds to systematically enhance the functionality of the platform, hire more employees (read here), attract new universities and increase the userbase.

Launched one year ago today by Hannes Klöpper, Managing Director, iversity provides a platform for online courses, or MOOCs (Massive Open Online Courses), pivoting from its initial business model as a Learning Management System in 2011. Since then, the company has reached the amount of nearly 700,000 enrolments in 51 online courses. It cooperates with more than 30 partners, mainly European universities such as the University of Padua, the Hertie School of Governance in Berlin, the European University Institute and the RWTH Aachen and is in talks with over 100 universities.



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