RSmart, a US-based provider of open source education technology provider, has raised $10.75m in its series B round froma consortium including Tokyo-listed internet service provider Asahi Net and Nasdaq-listed media merchant bank GSV Advisors. Founded in 2006, RSmart raised $2m in 2008, according to its previous regulatory filing. Takashi Takekawa, executive president of Asahi Net International, said: “The company is well positioned for leadership in the education technology space as institutions face challenges with a dynamically changing learning environment, legacy backend systems, and inefficient paper processes.”

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