E-learning

Moscow business school develops pioneering solution for remote courses

July 14, 2022

Russian edtech has been growing fast over the past years, as witnessed by variety of solutions developed in the country. One of the latest examples is an immersive online-offline platform for remote courses, which was presented earlier this month by the Moscow State University Business School (MSUBS). Touting this solution as a “unique digital model” …

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State fund invests 520 million rubles in edtech platform Profilum

July 6, 2022

Earlier this month VEB Ventures, the venture arm of state-owned development corporation VEB.RF, announced a 520 million ruble investment (some $6.5 million at the pre-war exchange rate) in edtech platform Profilum. This deal was one of the most sizeable ones of the past months on the local venture scene, which has entered a semi-hibernation phase since …

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Russian startup Kodland raises $9 million to offer remote programming courses in eight new languages

January 11, 2022

Just a year after its previous round, Russian edtech startup Kodland secured $9 million in a Series A funding round.  As reported by TechCrunch, the round was led by Redseed, with participation from Baring Vostok, Kismet, Flyer One Ventures and Alexander Nevinsky, a partner at I2BF who took part in the December 2020 round. All these investors have roots in Russia, excepted Flyer One whose team …

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Russian edtech on the rise: Educate Online and Synchronization attract millions from top VCs, corps and BAs

December 29, 2021

The Russian online education platform Synchronization, launched by in 2015, has raised $2.25 million, reports business daily Kommersant. The round was led by investment holding Avenir and Rusagro co-owner Maxim Basov. The deal also involved Adfirst VC as well as individual investors Stas Korostelev, Mikhail Tsyferov, Anton Volkov and others. The platform offers courses in …

Russian edtech on the rise: Educate Online and Synchronization attract millions from top VCs, corps and BAs Read More

Russian-born startup raises $3 million to make students’ education dreams come true

December 14, 2021

StudyFree, an edtech startup born in Russia in 2018, has just secured $3 million to continue its international expansion. The investor pool includes I2BF Global Ventures and TMT Investments, two funds with Russian connections, Techstars, as well as Andrey Doronichev and Mikita Mikado.  The former, Google’s ex-director of product management, is a figure of the Russian-speaking community …

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VK acquires edtech businesses in Russia and Brazil

November 25, 2021

In the past few months, Russian Internet major VK (previously Mail.ru Group) demonstrated a strong appetite for online education — both in Russia and abroad.   In August the group, partnering with Alexander Galitsky, integrated its properties Skillbox and GeekBrains into a holding called Skillbox Limited. In October, VK completed the move by merging SkillFactory, …

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International family office invests in Russian sexual wellness startup

November 12, 2021

Earlier this month Tizzi, a Russian “sexual wellness” startup founded in 2019, announced the completion of its second investment round, attracting 80 million rubles (around $1.1 million). The funding was provided by Mikhail Ryvkin — a business angel who already invested in such projects as ‘Gym-Gym’ and ‘Bright Kitchen’ — alongside an undisclosed “international family office.”  Tizzi …

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Women’s e-learning platform from Russia raises $3.3 million to go global

August 6, 2021

Academy of Changes (Академия перемен), a Russian edtech platform intended for women, has closed a 242 million ruble ($3.3 million) round of funding, some 18 months after inception early last year. The funding was provided by TMT Investments, a London-based fund with Russian connections, and by the corporate fund of MTS, the Russian mobile major …

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Russian GetCourse secures $50 million from top investors, expects to generate $1 billion in GMV this year

July 26, 2021

Baring Vostok, the Russian PE/VC giant, Winter Capital, a Moscow-based international fund backed, in particular, by billionaire Vladimir Potanin, and Goldman Sachs have invested $50 million in GetCourse.  This Russian edtech startup allows its customers — more than 20,000 schools, trainers, coaches and bloggers — to create, deliver, promote and sell their own educational content.  The service, which …

Russian GetCourse secures $50 million from top investors, expects to generate $1 billion in GMV this year Read More

Russian neurotech startup raises $7.4 million to “accelerate computer-integrated human evolution”

June 2, 2021

A Moscow-based startup called Neiry is developing “human-friendly neural interfaces” applicable to a variety of daily tasks — from gaming and entertainment, to medical therapy, to training, to business. Supported by Russian state innovation programs, this startup believes it can “improve and restore human abilities and functions that were previously unattainable,” and contribute to “the acceleration …

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Yandex launches world’s first crowdsourced data-labeling course on Coursera

March 23, 2021

Last week Yandex, the Russian NASDAQ-listed digital tech giant, launched an online course on data labeling, presenting the initiative as a world’s first.  This five-week course aims to teach “efficient and scalable data labeling for ML and various business processes” based on a crowdsourcing approach. Students are explained how to “split complex challenges into small tasks and distribute them among a …

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Russian online programming school attracts $10 million to pursue global expansion

February 25, 2021

Algorithmics (Algoritmika in Russia), a leading Russian online school of programming, has attracted $10 million in equity funding. Two major funds have backed the startup: Winter Capital and the Russian Chinese Technology Investment Fund. A previous investment came in 2019, when Mail.ru Group acquired a minority stake in the startup.  Founded in 2016, Algorithmics offers …

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