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News & Features Technology Online education provider closes $1.75m angel funding

Online education provider closes $1.75m angel funding

Written by Entrepreneur Country on Tuesday, 09 November 2010 16:48
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There was further evidence of the increasing market for online educational resources with RediLearning, a Florida-based start-up closing a $1.75m round of funding from angel investors.

RediLearning delivers education coursework online via Flash-based resources to nurses, therapists and other senior care health workers across major chains and operators of nursing homes, assisted living facilities, home health, hospice and rehabilitation centers across the US. The chief executive and co-founder of RediLearning, Michael Hemlepp, said that the company would use the capital to "Create additional content and features for our proprietary learning management system, and hire at least ten more employees over the next year." The company has 20 full-time employees today.

The Angels investing in RediLearning are believed to be from the fields of health care IT and finance, and reportedly have funded several other early stage startups, although they have so far not been named. The average RediLearning customer, the company claims, will save two-thirds of the money they'd otherwise spend on regulated healthcare compliance training. These training costs typically represent the largest line item after payroll and benefits for senior health care companies.

Last modified on Wednesday, 12 January 2011 18:09

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