Online education platform Iversity raises funding from T-Venture and new CEO2013-01-16 8
German-grown online education platform Iversity today announced new investors – T-Venture, the venture capital arm of Deutsche Telekom, and Marcus Riecke, who has joined the young company as CEO.
Iversity, founded by Jonas Liepmann (above) and Hannes Klöpper in 2011, started by offering tools for university faculty members and students to set up course websites, share resources and work together on projects. It now also offers open online courses, including from professors at MIT, Yale and Harvard.
Previous investors include BFB Frühphasenfonds Brandenburg, bmp media investors AG (who invested over €1.1m between them in July 2011) and business angel Masoud Kamali. Those three also participated in the new funding round, which happened in late December.
Speaking at hy! Berlin’s startup competition last October, Klöpper (left) said the platform had reached 50,000 users – double what it had in December 2011. Iversity’s current priority is expanding its open online university courses, particularly with partner universities in Europe.
He suggested the business model would focus on the “recruitment space” for users who graduate from online courses.
Iversity – new investors and new CEO
Marcus Riecke, Iversity’s new CEO, spent nearly six years in senior roles at eBay before relatively short stints at the head of StudiVZ and Monster.
He said in a press release today in German that a recent break had allowed him to take an interest in startups and that he’s excited by Iversity’s vision to bring “the world of university teaching to the internet”.
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