Russian e-learning cloud platform developer E-queo attracted 1 mln USD from OKS Group investment company, according to news reports. The transaction was preceded by financial due diligence conducted by ALTHAUS Group.

 

E-queo has an intelligible and upscale business model and a great potential for bursting dynamics: earnings growth, R&D and high-quality product proved by the industry leaders MTS and Megafon choice, as well as a motivated and experienced team, says General Director and Managing Partner of OKS Group Mark Hannye.

 

According to E-queo data, the platform has more than 40 business users – primarily middle and large-scale companies and the number of the App users exceeds 200k. As revealed in the company, OKS Group is the first investor in the project.