SEEK Group (ASX: SEK) will invest £50m to become a joint, 50% owner of The Open University’s FutureLearn social learning platform, it was announced in a deal thought to be the largest ever private-sector EdTech investment in Europe.
The Open University launched FutureLearn, which is based in London, in December 2012 with a dozen UK university partners to test opportunities offered by digital learning and massive open online courses (known as MOOCs). Rapid growth means that FutureLearn now has over nine million learners.
The platform offers short online courses right through to postgraduate diplomas and certificates and fully online degrees, all designed around social learning.
FutureLearn partners with over a quarter of the world’s top universities, as well as organisations such as Accenture, the British Council, the Chartered Institute of Personnel and Development, Raspberry Pi and Health Education England (NHS).
See more on the Open University website: https://ounews.co/around-ou/university-news/the-open-university-secures-50m-investment-in-social-learning-platform-futurelearn/