Bertelsmann Digital Media Investments and Bessemer Venture Partners Invest $15 Million in Flat World Knowledge
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Flat%20World%20Knowledge<%2Fa>,%20the%20largest%20publisher%20of%20free%20and%20open%20college%20textbooks%20for%20students%20worldwide,%20today%20announced%20it%20has%20secured%20$15%20million%20in%20Series%20B%20funding%20led%20by%20Bertelsmann%20Digital%20Media%20Investments<%2Fa>%20(BDMI),%20a%20wholly%20owned%20subsidiary%20of%20Bertelsmann%20AG<%2Fa>,%20a%20leading%20international%20media%20company,%20and%20Bessemer%20Venture%20Partners<%2Fa>,%20a%20top%20global%20investment%20firm.%0D%0A%0D%0Ahttps%3A%2F%2Fwww.bookbusinessmag.com%2Farticle%2Fbertelsmann-bessemer-invest-15-million-flat-world-knowledge%2F" target="_blank" class="email" data-post-id="5723" type="icon_link">
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Textbook Licensing Addresses Cost at the Institutional Level As enrollments continue to soar and education budgets shrink, colleges are seeking new and more aggressive ways to lower student costs and improve completion rates. Flat World recently launched an institutional textbook licensing model to help colleges achieve these goals. The company has several agreements in place, including one with Virginia State University, which embraced this licensing model as a way to reverse its high drop-out rate among business school students, most of whom are on financial aid and can't afford to buy expensive textbooks that can cost as much as $200 each.
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