In a recent breaking announcement during the keynote presentation at MoodleMoot Australia , Dr. Martin Dougiamas – CEO & Founder of the Moodle project, announced $6m angel investment to fuel the growth and innovation of the Moodle project.
The new angel investment will allow Moodle to accelerate established growth plans for its popular, Free and Open Source software and a number of associated initiatives.
Education For The Many is a subsidiary of the French-based Leclercq family office involved in well-known global companies such as Decathlon. Education For The Many will gain a minority stake in Moodle Pty Ltd as well as a board seat, and will use their financial and business experience to support Moodle’s plans for growth.
On this occasion, Julien Leclercq, President of the Leclercq family structure said:
“The world will experience major technological upheavals in the coming decades. To allow everyone to adapt to these changes, education of the largest number of people will be the number one solution to living better together.
Our family of responsible investors decided a few months ago to help entrepreneurs who are passionate about education, as we are passionate for 40 years about making sport accessible for the many.
Martin Dougiamas is one of the world’s most talented entrepreneurs in the education field. We chose to participate in the Moodle adventure to allow Martin to accelerate the expansion of Moodle in the world.
We are thrilled to now be active in the Moodle community, a community with a purpose!”
Dr. Martin Dougiamas, CEO & Founder of the Moodle Project commented:
We have searched for a long time to find an investor who could truly understand and care about our mission, vision and values, and not just look at our organisation in monetary terms.
I’m incredibly happy that we’re beginning this journey together to boost the Moodle project to a much higher level of effectiveness and sustainability.
In addition to our primary product – the Moodle software itself – we have a number of existing and new supporting products that we’re excited to be building – they will work together to provide a consistent and next-generation open platform to empower educators in the coming years.
This is amazing news for the entire Moodle community, and I’m looking forward to collaborating with everyone to help us build on the foundation we have already laid together since 2001.
The official news about the investment is announced today during the MoodleMoot Australia 2017 by Dr. martin Dougiamas during his keynote speech.
How do you welcome this angel investment to the Moodle project? What is your opinion about this new capital investment to the Moodle project? How it is going to improve the Moodle project and services? Do let us know in the comments section below.