Phystech Ventures, a fund with Russian roots, has taken part in a funding round of 1.5 million Singaporean dollars (approximately $1.1 million) for Teamie, a social mobile learning platform operating Asia Pacific. The round was led by ACP, a Singapore-based venture capital firm, with Spring Seeds Capital and an undisclosed individual investor also taking part …
Phystech Ventures backs Singapore-based edtech startup Teamie Read More
Earlier this month LinguaLeo, a service used by millions of web and mobile users in Russia, Brazil and Turkey to learn English, finally received a $500,000 capital injection from Social Discovery Ventures (SD Ventures) and existing investor Runa Capital. In May, after failing to raise funds, he startup had cut 30% of its staff and …
LinguaLeo raises $500,000 after cutting 30% of staff Read More
According to Facebook statistics there are more than two million Anglophones in Brazil that would like to learn Portuguese. In Mexico there are almost 2.5 million Anglophones that would like to learn Spanish. In the U.S. there are more than 1.6 million Spanish speakers that need English and almost three million people that would like …
Russian startup helps users learn European languages in just one minute a day Read More
Russian online education platform ‘Azbuka’ will soon offer customers access to electronic textbooks from global publishing firm Pearson. Based in London, Pearson is the world’s largest educational publisher, with its textbooks used by more than 100 million people worldwide. Azbuka (meaning alphabet, or ABC) is a Russian online educational service which offers access to electronic …
Pearson inks deal with Russian online education platform ‘Azbuka’ Read More
Last month the fledgling Russian online education industry saw the launch of a new, internationally-oriented project. Using both online and offline teaching methods, The Future Academy offers fully accredited secondary education programs to Russian kids 12 to 17 years of age. The school has been backed at the seed stage by Russian venture fund Digital Ventures, …
‘Future Academy’ blends online and offline to bridge Russian, US educational systems Read More
Siguler Guff and CapMan, two international private equity firms, announced last week an investment in Maximum Education, a major Russian provider of educational test preparation services, in exchange for “a significant minority stake.” Siguler Guff declined to disclose any further details of the transaction, but Maximum Education CEO Michael Magkov told East-West Digital News it …
Netology Group, a major Russian online education platform, announced last week that it raised $2.1 million from Buran Venture Capital and InVenture Partners. This round is Netology’s third one in less than one year, following a Series A round with InVenture Partners in April 2014 and a $1.1million capital injection from the same fund in September.
Online micro-course platform Coursmos has received $600,000 in seed investment in a deal led by Altera Capital Group with participation from Imperious Group. Coursmos has now raised a total of $1.2 million in investment since it was launched in March 2014. Coursmos offers 11,000 micro-courses across 20 areas, generating profit through user subscription fees of $8.88 per month. The project …
Preply, a platform to find foreign language tutors for home or Skype lessons, has just entered the Polish market with a localized version of its website. Launched in 2012 by Kirill Bigai, Serge Lukianov and Dmytro Voloshyn, the startup initially developed across the Ukrainian, Russian, Belarussian and Kazakhstani markets.
Maxfield Capital, a venture fund operating globally from its offices in Moscow, New York City and Tel Aviv, has invested $1.7 million in Patients Know Best, a British company which has designed a cloud platform for managing patient details. Patients have an account with the site, which h holds all of their medical records. They can access …
Maxfield Capital invests $1.7 million in UK’s Patients Know Best Read More
Microsoft has suspended plans to provide tablets to Russian schools under a deal expected to benefit a textbook publisher headed by Kremlin ally Arkady Rotenberg, citing “concerns” over Western sanctions, a news report said. According to an agreement signed in late September, Microsoft would “provide free of charge, to [publisher] Prosveshcheniye, the same type of technical assistance that [it] provides at no cost to thousands of schools and publishers worldwide,” Microsoft said …
Microsoft scraps Russian schools tablet program over Rotenberg blacklisting Read More
Brainly, a global social learning network designed to allow students to help each other with schoolwork, has completed a $9 million Series A funding round with the participation of several major venture funds. Among them are General Catalyst Partners, who led the round, Runa Capital, a venture firm operating globally from its offices in Moscow …
Runa Capital invests in global social learning network Brainly Read More
