Australian e-learning startup raises AU$1.7m for Asia growth | ZDNet
Summary
OpenLearning, which was one of the nine technology startups included in the "first class" of Telstras muru-D accelerator last year, describes itself as a massive open online course (MOOC) provider, offering educational courses aimed at unlimited participation and open access via the internet. The companys latest funding round was comprised of AU$1 million from tech entrepreneur Clive Mayhew, known for starting Netscape in Asia, along with AU$700,000 from new investors including ICS Global and Hideaki Fukutake, director of Japanese education company Benesse Holdings. The company will pump the new funds into increasing the size of its engineering and instructional design teams, help develop and implement new MOOC-based business models for commercial customers, and build upon its initial success in the Malaysian market, where it has been appointed as the official MOOC platform for all public higher education institutions. Adam Brimo, OpenLearning CEO and co-founder, said that the success of the latest funding round was "a testament to the hard work, experience, and passion of our amazing team". "OpenLearning represents a massive opportunity to provide high-quality, accessible, and collaborative education to students around the world," he said.
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