Flat world and the education software sector

Sector Funding
03/02/2014
Diego Gutiérrez
Flat world and the education software sector
There is much debate in the education ecosystem as to whether new technologies bring substantial advances in education or are more of a distraction. Investors are backing companies that develop software for the education sector such as the $9.5M raised by Flat World last January.

 

Software for education

In 2013, more than 50 companies involved in the development of software applications for the education sector received a round of funding. In total the 50 companies have managed to attract more than €250M.

"Investments are being directed towards content development. digital educationThe new collaborative platforms, the dissemination of educational videos, and the education of creative thinking to the youngest," says Diego Gutierrez from Abra Invest.

Flat world knowledge: open-source for textbooks

Founded in 2007, Flat World Knowledge is the largest publisher of open-source university textbooks for students worldwide. Committed to making higher education more affordable and accessible, course content is available in a variety of low-cost formats, including a free online reader. The latest round has been registered this January 2014 for 9.5M, accumulating the company a total of 35.7M raised. The round has been covered by investors Bessemer Venture Partners, Valhalla partners and Tribica venture partners.

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