Austin eLearning company completes $800K round of funding

Jan 28, 2015
Austin Business Journal

Querium Corp., an eLearning company, has completed an $800,000 round of financing


The Austin-based company reported Wednesday that investors included Tennessee-based ICG Ventures Inc. It will use the capital for product development and to support its sales and marketing activities, according to a company statement


Querium, which launched in 2013, is developing an adaptive learning program designed to enable prospective Texas college students to prepare for the state-mandated placement test: the TSI Assessment


CEO Kent Fuka is also chairman of Austin-based Thinkwell Corp. and the president of KNCL Management Inc., a consulting firm for technology startups, according to his online profile


In mid-2014, Querium reported raising $720,223 of a planned $1.4 million financing from six investors, according to a filing with the U.S. Securities and Exchange Commission


In October 2013, the company raised $278,895 of a planned $550,000 financing from five investors



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