In 2006 the Sacramento Angels led the initial financing round for Idapted. Idapted was founded by two students from Stanford to create a business and technology platform to enable people worldwide to learn English with VOIP technology and one-on-one tuition by home base tutors working remotely. It’s initial focus was the market for learning English in China and the company moved there and obtained its next round of venture capital funding from Gobi Partners.
Today Idapted and Eleutian Technology of Wyoming announced a merger that will create the global leader in the $100 billion online English instruction market. Eleutian Technology, founded in 2006, has expanded rapidly into an underserved market, utilizing video conferencing internet technology. Eleutian Technology provides top-quality English teachers to students, either in a group or individual setting, anywhere in the world. Eleutian currently employs 500 teachers and works with more than 50,000 students.
You can read the full press release here.