.

OpenSesame unlocks $2 million in funding

Rick Turoczy on September 12, 2011

Online learning company OpenSesame has found itself with a bit more tuition to spend.

You see, the Portland-based company just added to its Angel Oregon earnings, rounding it to an even $2 million in funding.

What are they going to do with the additional money? Continue pursuing their goal of becoming the iTunes of elearning.

We have built a platform that makes it possible to research, preview, purchase, and deploy courses simply and instantly. Since our public launch in November 2010, the marketplace has quickly grown to more than 1,700 courses from more than 120 different course sellers.

Our goal is to make it as easy to buy and sell elearning courses as it is to shop for songs on iTunes. We will use this funding to unlock elearning for buyers and sellers worldwide by accelerating growth of the OpenSesame platform, with more courses, more features and more people.

The two million dollars is comprised of money from Harmony Investments, Angel Oregon 2011 prize money, and additional investment from OpenSesame’s management team.

For more information, visit OpenSesame, read the press release, or read the OpenSesame blog post.

Published by Rick Turoczy

More than mildly obsessed with the Portland startup community. Founder and editor at Silicon Florist. Cofounder and general manager at PIE. Follow me on Twitter: @turoczy