BOCA RATON, FL - Apollidon Inc., which specializes in worldwide marketing and outreach for online distance learning programs, has closed on a $3 million first round of financing from Sopris Capital Associates.
Jon Kaiden, principal and founding member of Sopris, will join Apollidon’s board.
Apollidon partners with prestigious public universities to develop marketing initiatives tailored to the unique needs of the specific program, effectively increasing enrollments and attracting qualified students.
In July 2010, Apollidon was selected as the sole provider of marketing services for distance learning by the American Distance Education Consortium (ADEC), a consortium of 65 prestigious public universities, dedicated to creating and implementing high quality, economical distance education programs and services.
Apollidon will utilize the first round funding to expand its development of online education marketing programs for its network of 65 universities.
This is just the latest in a string of financings for tech-focused education companies this year. Also in today’s news, Herdon, VA-based K12 Inc. chalked up $125 million from Technology Crossover Ventures.