Dive Brief:
- Education technology and content company Flat World landed $5 million in follow-up funding from its investors in late December.
- The Washington, DC, company will use the latest investor funding, plus $9.5 million it raised at the end of 2013, to launch a business that will help higher education institutions created competency-based degree programs, DC Inno reported.
- In 2014, the company grew its learning platform client base by 300% and created its first peer-reviewed digital college textbooks.
Dive Insight:
Also in 2014, Flat World helped launch the first “mobile-adaptive-social” accredited university degree, on an iPad, for Brandman University. The program's tuition: $10,000. The company’s CEO, Chris Etesse, told DC Inno that Flat World’s focus is on adding students to the platform and improving student success. With its digital textbooks, the company pushes its authors to edit and update the material in real-time, even as students are in their programs.