Central regions | Finance, business | Technology & innovation

Russians and Koreans support Russian online tutoring start-up

30 Jan '20
LETA Capital, a Russian venture fund, and a South Korean fund called BonAngels jointly supported Novakid, a developer and provider of an online English language tutoring service, Firrma.ru reported.

This $1.5m round was stage two of Novakids external investing; the company has thus far raised $2.2m since the start of its business.

The start-up wants to funnel the new investment into an improvement of the current technology platform and into a broader international presence. As of now, Novakid posts $2m proceeds, and in 2019 its business more than tripled.

Set up in 2017 by Maksim Azarov, a Russian entrepreneur, Novakid now operates across Europe and Asia. This is an online English language school for children aged 4-12; all the teachers are native English speakers and have been specifically trained to work with kids. Novakid has developed its own education platform that uses virtual reality and gamification technologies to help students immerse deeply into the education process.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
COMMENT ON THIS STORY
Find Related Content

Locations:

Tags: LETA Capital (3) / online tutoring (0) / Novakid (0) / Maksim Azarov (0) / BonAngels (0) /

Latest News: Central regions
28 Feb '20 | Finance, business | Technology & innovation
27 Feb '20 | Finance, business
26 Feb '20 | Retail, FMCG | Finance, business
 

Feature stories

26 Feb '20
A Russian developer has come up with its own...
25 Dec '19
Scientists in Siberia have come up with their own...
8 Nov '19
For the first time in the history of Russian-African...
Search (News archive - 21807)
Advertising
AIM_Congress
Advertising
NATT
Advertising
Marchmont News

Latest News

28 Feb '20
AFK Sistema, a diversified LSE-listed Russian holding...
26 Feb '20
Intelligence Retail, a Russian service to analyze...
20 Feb '20
Many investors rightly reckon that Russian start-ups...

Most read stories from last week

26 Feb '20
A Russian developer has come up with its own...
26 Feb '20
Intelligence Retail, a Russian service to analyze...
28 Feb '20
AFK Sistema, a diversified LSE-listed Russian holding...