According the the Financial Times, funding is being led by Bertelsmann. Flat World Knowldedge offers free textbooks online, but sells print on demand editions as its sorts of funding.
The new funds from Bertelsmann Digital Media Investments, Bessemer Venture Partners and others will allow the company to expand its catalogue of titles beyond a focus on business and economics to include books for the 125 most popular courses on college campuses, said Jeff Shelstad, chief executive.
More info in the article.
