Flat World Knowledge Gets $8 Million for Open-source Textbooks

Authored by Mark Hefflinger on March 24, 2009 - 6:40am.

Nyack, N.Y. - Flat World Knowledge, a provider of commercial, open-source college textbooks, announced on Tuesday that it has closed an $8 million first round of funding.

Investors included Valhalla Partners, Greenhill SAVP, High Peaks Venture Partners and several angel investors.

Founded in 2007, Nyack, N.Y.-based Flat World publishes professionally edited and developed, peer-reviewed textbooks, and makes them available as free, Web-hosted textbooks.

The company also sells print-on-demand soft cover textbooks, audio textbooks, self-print individual chapters, MP3 study guides and interactive Web quizzes.

Flat World said it has 22 business and economics textbooks in the pipeline, and will use the new funding to grow its list of textbooks, and expand into the general education curriculum.

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http://www.flatworldknowledge.com