CBTec was founded in Helsinki, Finland in 2012 by Sotiris Makrygiannis and Sergey Gerasimenko.

Eliademy Android client (also compatible with Moodle LMS) is an open-source project available at GitHub.

[7] It was launched with support from Tekes – the Finnish Funding Agency for Technology and Innovation.

Eliademy is a part of Digile, Finland's initiative launched in order to create new disruptive digital service in the area of education.

In April 2014, Nordics VC company Inventure has completed an undisclosed seed investment in Eliademy.