Irvington, N.Y. – Flat World Knowledge, a publisher of free
and open online college textbooks, has raised an additional sum of funding from
publisher Random House to close its second round of financing.
announced the $15 million round in January, which was led by Bertelsmann
Digital Media Investments and Bessemer Venture Partners.
Founded in 2007, New
York-based Flat World publishes works from academic authors under a Creative
Commons open license, which allows students to read them free online, or
purchase them in print and digital formats.
The company said more than 1,600
professors at over 900 colleges in 44 countries have adopted Flat World books.