Germany-based online education platform Iversity.org has announced it has closed a round of funding from existing investors including telecommunications company Deutsche Telekom, that took its total funding to over €5m ($6.4m).
The amount raised in the round, which also featured venture capital firm BMP Media investors and venture fund BFB Fruehphasenfonds, was undisclosed. Deutsche Telekom invested through its corporate venturing unit, T-Venture.
Iversity is a platform which offers massive open online courses from universities including Yale and MIT in courses ranging from philosophy to engineering. The capital will be used to develop its platform and hire new staff.
Sander Nijssen, managing director of Iversity, said: “The new funding enables us to systematically enhance the functionality of our platform, attract new university partners and increase our user base.”
Iversity raised $1.6m in a series A round in 2011 from BMP Media Investors and BFB Fruehphasenfonds Brandenburg.