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Bringing the freemium model to the musty world of textbook publishing, Flat World Knowledge (FWK), a Nyack, NY-based publisher of open-source commercial textbooks, has raised $8 million in its first round of funding. Investors include Greenhill SAVP, High Peaks Venture Partners and Valhalla Partners. Founded in 2007, it received $1.5 million in seed money. The company recruits authors on various subjects, and then makes its books available as free web-hosted textbooks for any student to use.
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