On 27 September 2017, Moodle Pty Ltd, the Australian company responsible for the Moodle learning management system announced an angel investment from Education For the Many.
Education For The Many is a subsidiary of the French-based Leclercq family office involved in well-known global companies such as Decathlon.
The new investment enables Moodle to fast track its growth plans for its popular, Free and Open Source software and a number of associated initiatives – all aimed at providing powerful, truly open, user-friendly tools that empower educators in every sector and every country.
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.
Martin Dougiamas, Founder and CEO of Moodle Pty Ltd, said:
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.
Julien Leclercq, President of the Leclercq family structure explained:
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. 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!