Area9 Lyceum, a Chestnut Hill, MA- and Copenhagen, Denmark-based technology and learning company, received a $30m investment.
The Danish Growth Fund made the investment.
The company intends to use the funds for business development and development and rollout of generation 4 of its platform.
Led by Dr. Ulrik Juul Christensen, CEO, Area9 Lyceum develops personalized, adaptive online learning modules for schoolchildren, students, and professionals to be trained. Through their computer or other devices, people can receive education that continuously adjusts to the individual’s level. The course material is being tailor-made as the student progresses.
In the coming months, Area9 will accelerate the work of designing their fourth-generation platform called Rhapsode.
The current client list includes large international companies such as Hitachi Data Systems, Coloplast and Topshop. Now the Danish founders have started a new company for adaptive learning technology, Area9 Lyceum.