E-learning

Russian edtech on the rise: Kodland raises $1.5 million to expand internationally

Illustrating the current traction of Russian edtech startups, online programming school Kodland has raised $1.5 million in its first round of financing. The money was brought in by Russian venture capitalist Alexander Nevinsky (a partner at I2BF) and an unnamed “European fund,” as reported by VC.RU.  The startup will use the fresh funding to test product …

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IntellectoKids raises $3 million from US, Russian, Cypriot and Ukrainian funds

IntellectoKids, a Russian-founded edtech startup, has raised a $3 million Series A round, reports VC.RU. The funding was provided by Allrise Capital (Silicon Valley), Vershina Capital (Moscow) and Quonota Investments (Cyprus), as well as Genesis Investments, a major Ukrainian investor which led a previous round just a year ago.  Founded in 2016, IntellectoKids offers a media, entertainment and education platform …

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Online education platform gets huge funding boost from Mail.Ru, RDIF and Russia-China Investment Fund

Uchi Group, the publisher of Russia’s leading online education platform for school pupils, has agreed an investment of at least 3.75 billion rubles ($50 million at the current exchange rate) from Mail.Ru. The LSE-listed group will receive a 25% stake in exchange for this amount, while the RDIF, Russia’s sovereign wealth fund, and the Russia-China Investment …

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This edtech startup grows by 500% y-o-y and raises millions from international investors

The Russian-born edtech startup Novakid has just completed a $4.25 million Series A round. The deal was led by Hungary-based PortfoLion and LearnStart, a major edtech-focused US fund, with participation from  TMT Investments and Xploration Capital. A previous $1.5 million funding round took place less than a year ago, involving South Korean VC BonAngels and Russian VC …

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Leading Russian edtech startup Skyeng backed by two major investment firms

Skyeng, one of the most successful Russian startups, has received funding from two major investment firms, Winter Capital and Baring Vostok. The deal, which took place in October, was revealed only this past Friday by the Russian edition of Forbes magazine, based on exchanges with representatives of the parties involved.   Neither the amount invested …

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Mail.Ru buying spree: New investments in gaming and edtech

This week several new investments by Mail.ru Group, the LSE-listed Russian Internet giant, were reported. In the field of online education: Lomigor, a Cypriot subsidiary of the LSE-listed Russian Internet giant, purchased a 45% stake in Preprep.ru LLC, the startup behind exam preparation platform Tetrika. The transaction, which took place in September, was just revealed …

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Yandex offers Russian and US students “a starter pack to break into tech”

Yandex, the Russian Internet giant, is developing an international education platform to train data analysts, data scientists, web developers and other IT specialists. Dubbed ‘Practicum,’ the platform is touted as a “practice-oriented, job-landing bootcamp,” starting with a free 20-hour intro course. After initial roll out in Russia last year, Practicum was made available in English, targeting the US market, …

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Russian-born startup helps students make their international education dreams come true

Can you study in a top US, Chinese or European university when you have no money and lack family support? The answer is yes, as demonstrated by StudyFree, an online service that helps applicants increase their chances to get a scholarship and be admitted to educational institutions. Now claiming 23,000 users across the world, StudyFree …

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Eastern European edtech startup backed by Russian and South Korean investors to go global

In late January the Russian-born edtech startup Novakid closed a $1.5 million funding round involving South Korean VC BonAngels and Russian VC firm Leta Capital. The money will be used to develop Novakid’s technology further and to support its international expansion plans.  Founded in 2017 by Max Azarov, Novakid touts itself as “a next-generation early English learning …

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Mail.Ru and Yandex bet on online platforms to massively train IT specialists

Mail.Ru Group now owns 60.3% of Skillbox, an e-learning platform for digital and IT specialties, Vedomosti reported yesterday, citing the official company register and exchanges with company representatives. The amount of the transaction was not disclosed. In February, the LSE-listed Russian Internet giant had acquired a 3.6% stake for an undisclosed amount as part of …

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UK edtech startup secures $6 million from Russian investors

MEL Science, a UK online education service with Russian roots which aims to “engage kids into science,” has secured a $6 million round of funding. The deal was reported earlier this month by VC.RU, which cited exchanges with the investors.  The funding came from two international venture funds with Russian roots, TMT Investments and Digital Horizon, …

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