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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"Flat World Knowledge has the potential to significantly transform the $8 billion college textbook publishing industry," said Keith Titan, a principal at BDMI, who will be joining the company's board. "Among the players in this space, Flat World is uniquely positioned to fully capitalize on the Internet with an open textbook model that dramatically lowers costs for students and provides professors with greater control over the content, which is written by top academic authors. Flat World represents a compelling and innovative model for the future of publishing in higher education."
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