More than six years after being launched by Open University to offer massive open online courses, FutureLearn has raised its first external funding from Seek Group.
FutureLearn, the UK-based massive open online courses provider set up by Open University (OU), obtained £50m ($65m) in funding yesterday from online education and recruitment firm Seek Group.
Seek Group now owns a 50% stake in the business, with the other half retained by OU. The university and Seek Group have put contractual arrangements into place to protect the former’s academic independence, teaching methods and curriculum.
Founded in 2012, FutureLearn operates a digital education platform offering short courses,…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
