Eleutian Technology of Cody, Wyoming gets $10M backing from the Cheyenne Capital Fund

Growth at Eleutian Technology http://www.eleutian.com/ has been swift over the past year, but that pace is about to get even faster, as the company has landed a $10 million investment from a private equity fund with Wyoming ties.

Cheyenne Capital Fund http://www.cheyennefund.com/ has bought an undisclosed minority equity stake in the online distance-learning company that employs more than 300 teachers in rural communities around Wyoming to teach conversational English to students in Asia.

The Denver-based investment firm with offices in Cheyenne is backed by up to $225 million in available funding from the state of Wyoming, a major investment partner.

By RUFFIN PREVOST – The Billings Gazette

Full Story: http://www.trib.com/news/state-and-regional/article_c3cbacaf-1032-510c-880c-5d8de9111101.html