finnish startup gets seed backing for its online education platform play, eliademy

TechCrunch

Finnish startup CBTec, maker of Eliademy, an online education platform offering free cloud-based tools for teachers and learners which launched just over a year ago, has taken in its first significant tranche of external funding from early stage Finnish VC firm Inventure.

The exact amount of seed funding isn’t being disclosed but we’re hearing it’s just over €200,000.

A larger funding round is planned for later this year. CBTec CEO and Eliademy founder, Sotiris Makrygiannis, told TechCrunch: « We will be looking to a 4 million min Series A round by Dec 2014. »

CBTec positions Eliademy as ‘education as a service’ (EaaS) — saying it combines characteristics of MOOCs (massively open online courses) and learning management systems (LMS) and virtual learning environments (VLE). So yeah, online e-learning acronym soup. (Erk.)

Eliademy is based on the open source Moodle learning platform but has been designed to be far cleaner and simpler…

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