Horizon Wimba Receives a $10 Million Equity Financing
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Why are Founders Steven D. Kann and Bruno Van Haetsdaele smiling?
These guys are smiling because they have closed $10 Million in equity financing.
What is Horizon Wimba?
Horizon Wimba is a provider of collaborative software to the online education market.
Tudor Ventures, the private equity arm of Tudor Investment Corporation, along with the existing investors, including The Argentum Group, First Analysis Corporation, and Gefinor Ventures have participated in this round of funding.
What will they use the funding for?
Horizon Wimba will employ the funds to fast-forward the product development and improve its sales and marketing efforts to achieve their goals.
Another company to jump the Virtual Classroom bandwagon, Horizon Wimba has developed web-based collaboration software, which is designed specifically for language learning, online education, and live interactive communications.
This new wave of teaching and learning opportunities as provided by the internet enables professionals to customize their own classroom options irrespective of geographic location, bandwidth, or operating system.
Equipped with simplicity and power, Horizon Wimba has added a new dimension to virtual/online accessible education thereby enhancing the learning experience for both the instructors and students.
See their site here.
Read more about Steven D. Kann here.
Read more about Bruno Van Haetsdaele here.
Read more about Tudor Ventures here.