XanEdu, Inc., a provider of custom course materials, raised a round of financing of undisclosed amount.
Led by Alar Elken, CEO XanEdu provides custom course materials which are used by more than 630,000 students at 1,000 institutions. Its e-learning solution, Folio-X, was launched in December 2010.
The 14-year old company has nearly 100 employees in its offices in Ann Arbor, MI, Louisville, KY, and Acton, MA.
The company intends to use the funds to expand the capabilities of the Folio-X platform and accelerate its growth initiatives including new publisher partnerships, content development/course design offerings, and custom publishing editorial services.