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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"This company is laser-focused on the fastest-growing sector of the higher education market—community and state colleges—where the financial pain of overpriced textbooks is greatest," said Christopher Gabrieli, a partner at Bessemer Venture Partners, who will also join the company's board. "Expanding economic and educational opportunities for students has never been more important. Flat World has stepped up to the challenge with expertise, creativity, and a bold approach that removes a major barrier to student success."
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