Austin eLearning company raises more financing

Oct 22, 2013
Austin Business Journal

Austin eLearning company Querium Corp. raised $278,895 of a planned $550,000 financing


The Austin-based company collected the capital from five investors, according to a Monday filing with the U.S. Securities and Exchange Commission


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


Also on Monday, the company said it appointed Dr. Jamo Rubin to its board of directors. Rubin is founder and CEO of TAV Health, a San Antonio-based organization that provides tools and services to its members to help them navigate the healthcare system. He previously founded health care software companies Medical Present Value and PTRX, both of which were acquired in 2011, Querium officials said


Querium CEO Kent Fuka is also the 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 March, Querium reported raising $200,000 of a planned $250,000 financing from two investors


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