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April 16, 2014

Deal Alert: Nexus Venture Partners invests in Function Space, Social Learning Network for Science

Function Space (http://functionspace.org/), a leading and fast growing collaboration and learning network for students, researchers and enthusiasts in Mathematics, Physics, and other sciences, announced today that it has closed funding from Nexus Venture Partners. The funding will help the company expand content, develop engaging tools, and aggressively expand its contributor and user base. Current users include students from top universities, high school, engineering undergraduates and researchers in advanced commercial labs. 

“Function Space serves a crying need to make Mathematics and Sciences fun and engaging. We are thrilled to work with the founding team that is committed to exposing the beauty and usefulness of STEM (Science, Technology and Mathematics) to experts and non-experts alike”, said Naren Gupta, Co-founder & Managing Director, Nexus Venture Partners. “We hope to see a platform, where advanced researchers can discuss advanced topics and enthusiasts can be exposed to a collection of traditional as well as emerging knowledge in STEM”. 

Building on this momentum, Function Space will use the financing to scale its online platform and expand its global outreach. The funding will also be used to build a stronger foundation of collaboration tools appropriate for the Science communities and to attract additional experts to the site. Function Space, already offers a strong community consisting of users from over 190 countries, including students, professors and researchers from MIT, Stanford, University of California, Berkeley and Los Angeles campuses, Indian Institute of Technology campuses, Indian Institute of Science and other prestigious institutions. 

Function Space was founded last year by Adit Gupta, Sakshi Majmudar and Sumit Maniyar with the idea of creating a complete ecosystem for learning higher science online. The team has strong backgrounds in technology and design. 

Adit Gupta, Founder of Function Space, said, “Nexus Venture Partners shared our vision of building a one-stop solution for science. Their strong team coupled with Indo-US presence gives Function Space a major opportunity for rapid global expansion.”

Sandeep Singhal, Co-founder & MD, Nexus Venture Partners will be joining the Board at Function Space. 

About Function Space:

Function Space is a social learning network for science with complete ecosystem (articles, video lectures, problem solving, discussions, and networking) for participants from academia to corporate research. We intend to bridge the gap between academic curriculum and skill based requirements of workplace. 

About Nexus Venture Partners

Nexus Venture Partners is India’s leading venture capital fund, with offices in India and Silicon Valley. Nexus team consists of entrepreneurs who have founded and scaled large global companies. The team has invested in a variety of companies leading to numerous successful public offerings and M&A transactions. Nexus has over $700mn under management with an active portfolio of over 50 companies across Technology, Internet, Media, Consumer, and Business Services sectors. The Nexus team plays an active role in helping entrepreneurs and management teams build market leading businesses. 

Nexus partner companies include Cloud.com (acquired by Citrix), Gluster (acquired by Red Hat), Komli, Pubmatic, DimDim (acquired by Salesforce), Snapdeal.com, Netmagic (acquired by NTT Com), Indix, Druva, housing.com. 

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