Open edX MOOC Provider Raises $1.6 Million

proversity, a London-based MOOC provider and early adopter of the Open edX system, has raised $1.6M (£1 million) from the venture capital firm RSBC Financial Services, according to the company. Funding will be used to recruit managers on sales, digital production and software engineering.

With a network in London, Santiago, Boston and Cape Town, Proversity has worked on training and professional development projects for clients such as the Bank of England, the British Army, Lloyds Bank and Family Mosaic.