Bessemer Venture Partners has led a $9.5m financing, backed by Penguin Random House Holdings and Bertelsmann Digital Media Investments, for Flat World Education to expand its platform in partnership with Brandman University and offer BBA degree courses on mobile devices.
Flat World Education, a US-based education content and software company, has announced a development partnership with Brandman University, a non-profit university based in California, to expand Flat World’s platform and enable the university to offer an online, bachelor of business administration (BBA) degree delivered on a mobile device. In support of Flat World ’s expansion efforts, Bessemer Venture Partners led a $9.5m financing round in with participation by existing investors Valhalla Partners, Tribeca Venture Partners, book publisher Penguin Random House…