E-learning

Ukrainian-Russian startup raises $1.5 million to teach English to Polish and Spanish kids

March 7, 2019

AllRight.io, an e-learning startup with Ukrainian and Russian roots, has just secured $1.5 million in a funding round led by Buran Venture Capital. Founded in 2017, AllRight provides childrens aged 4-12 with courses of English as a foreign language. The startup claims to serve more than 1,700 active users monthly, essentially from Russia, with 150 …

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Mail.Ru Group invests in online IT education platform

July 11, 2020

Mail.Ru Group, the LSE-listed Russian Internet giant, is investing is Skillbox, an e-learning platform for digital and IT specialties. The transaction was revealed yesterday by business daily Vedomosti, based on exchanges with representatives of both companies. The group has acquired a 3.6% stake for an undisclosed amount as part of a plan to ultimately acquire …

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State fund of funds RVC to launch $100 million edtech fund

December 24, 2019

RVC, the state-owned fund of funds dedicated to innovation, intends to launch an investment fund to support innovation in the field of education technologies in Russia. With a considerable target amount – 6.9 billion rubles (roughly $100 million at the current exchange rate) – and a 10-year duration, the fund is being created in the framework of …

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eSports startup Learn 2 Play agrees up to $3 million investment plan with VCs and angels

April 26, 2018

Confirming the appeal of eSports projects, Russian startup Learn 2 Play announced earlier this week that it raised nearly $1.1 million from a pool of venture funds and business angels. These investors, who have received a minority stake, include VC funds Buran and ru-Net, Anton Inshutin (InVentures Partners), Jarom Severson (Chess.com), Erik Allebest (Chess.com) and Lev …

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Online education platform Skyeng attracts investment from PE giant Baring Vostok at $100 million valuation

January 23, 2018

Baring Vostok has invested an undisclosed amount in online education platform Skyeng, with specializes in English teaching. Confirming the deal, a Baring Vostok representative told Russian business daily Kommersant that the fund acquired a minority stake. Skyeng, a Moscow-based startup launched in 2012, claims to have generated 725 million rubles (around $12.5 million) in revenue last …

Online education platform Skyeng attracts investment from PE giant Baring Vostok at $100 million valuation Read More

Russian billionaire invests more than $20 million in online education platform

August 17, 2017

Illustrating the growing interest of Russian corporations in online education, Severgroup, a group of companies controlled by steel magnate Alexey Mordashov, has just acquired a 40% stake in Netology Group. The shares were sold by previous Netology investors, the Russian funds Buran Venture Capital and InVenture Partners, which fully exited the company. The financial terms of the deal have not …

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The Russian edtech market: A new research by top market players with EWDN support

January 7, 2019

East-West Digital News has supported leading Russian and international organizations to offer the first-ever study about the embryonic but promising market of education technologies in Russia. The research aims to analyze the Russian edtech market in its various dimensions, highlight its trends, key players, business models as well as the related investment activity and legal environment. Special focus …

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South Korean startups parachute in to Skolkovo for soft landing

March 30, 2017

Last week four South Korean startups arrived at Skolkovo, the international tech hub under completion on the outskirts of Moscow, with plans to meet with potential partners and mentors in Russia. These startups have also applied to become resident companies at Skolkovo. “This is our pilot soft landing programme for foreign startups,” Sergei Pogrebnyakov, an acceleration manager …

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Russian fund IIDF teams up with billionaire Arkady Rotenberg to invest up to $50 million in edtech startups

April 27, 2017

The Russian textbook publishing house Prosveshchenie (‘Enlightenment’ in English) has agreed with the Internet Initiatives Development Fund (IIDF, or FRII in Russian)  to jointly launch an accelerator for edtech startups. The publishing house — of which Russian billionnaire Arkady Rotenberg is chairman and a shareholder — intends to invest up to 3 billion rubles (approximately $48 million …

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UK edtech startup receives Russian money to “bring VR and AR to chemistry education”

February 26, 2019

UK-based education service MEL Science announced today the completion of its Series A funding round with Sistema VC injecting $2.5 million in the company. MEL Science claims that its subscription service, which features nearly 40 interactive chemistry sets, is “changing science education” by “incorporating for the first time the virtual reality (VR) and augmented reality (AR) into a single …

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Mail.ru Group and Yandex invest in IT education

August 30, 2016

Mail.Ru Group, a major Russian Internet company, has announced an investment in GeekBrains, a Russian-language online learning platform for developers. The LSE-listed group has acquired a controlling interest in GeekBrains, with the founders keeping a stake and still running the platform. GeekBrains claims more than 1 million participants (up from from 200,000 one year ago) with a monthly …

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American Councils invites Russian startups to international edtech accelerator (deadline: Sept. 16)

August 26, 2016

Washington, D.C. – American Councils for International Education is pleased to announce the opening of our application for global education technology startups interested in exploring collaborations and accessing U.S. innovation networks. American Councils welcomes applications from Russia and neighboring countries. Our organization has a history of implementing successful programs with participating startups from these countries in the …

American Councils invites Russian startups to international edtech accelerator (deadline: Sept. 16) Read More

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