Moodle Receives $6m Investment

Founded in 2001, Moodle has relied on partners (there’s currently 84 of them) to generate funds for the central project by paying royalties, but Martin Dougiamas, founder and CEO of Moodle Pty Ltd, have now succumbed to an outside investor, with France based Education for the Many, injecting $6m dollars into the company.

To the outside world, nothing is changing to this leading light of the opensource movement, though Education for the Many is becoming a minority shareholder and taking a seat on the Board.

Dougiamas stated the investment will “boost the Moodle project to a much higher level of effectiveness and sustainability.”

Full statement about the investment.