Edtech Iversity raises money from investors including Deutesch Telekom.

Iversity, an edtech with clients including several universities, has raised fresh investments that take its total funding to more than €5m ($6.4m). The company had previously secured $1.6 in a 2011 series A round.

The funding round included existing investors Deutsche Telekom, which invested through its corporate venturing arm T-Venture, BMP Media, which manages the €25m venture fund BFB Frühphasenfonds (75% of which is made available by the European Regional Development Fund), and the Brandenburg government.

Iversity, a Germany-based edtech modelled after US-based Coursera, offers massive open online courses, and currently offers 50 such courses to more than 700,000 students. It has partnerships with more than 30 universities, mainly in Europe but also including Yale University and Massachusetts Institute of Technology.

It will use the new funding to expand its offering and hire more staff.

News of the investment reached us via our sister publication Global Corporate Venturing.

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.”