Coursmos Scores $530K to Develop its “Mini-MOOCs”
Coursmos, a mini-lesson e-learning platform, has secured $530,000 in new funding from Russian venture capitalist Imperious Group and an unnamed investor. According to TechCrunch, the startup plans to use the funding to develop a Netflix-style course recommendation system; converting video to text to make it searchable, integrating with YouTube, and offering a third party content widget.
Founded in 2013, the crowd-created content provider offers a marketplace of “micro-courses that consists of minutes-long videos. The startup edtech company has since launched a web platform and an android app, along the the iOS app. Currently, Coursmos offers 1,476 micro-courses and touts 30,000 active users, according to EdSurge. Though content is mostly business oriented, users can find courses across multiple categories such as design, health, beauty, and art.
The driving vision behind the company is to provide bite-sized lessons to fit into a busy lifestyle—as opposed to having to set aside large chunks of time when committing to MOOC-style learning.
Commenting on the funding in a statement, Pavel Aleshin, Head of Investment Expertise at Imperius Group, said: “Instead of trying to build another MOOC, Coursmos recognizes that people are looking for a more convenient way to learn on-demand. They want a solution that fits their schedule and attention span.
For full story, see TechCrunch.
Yvonne is a writer for Edtech Times who is most interested in technology's role in culture. When she is not combing the web for the latest in educational technology, she is reading classic literature or watching the game on TV. You may know her from Gradeable, Boston.com, Emerson College, Busa Wine & Spirits, UMass Dartmouth, or Burlington High School.