Central regions | Technology & innovation | Finance, business

Corporate VCs support internationally focused edtech

27 Aug '18
Softline Venture Partners, a corporate VC fund of the Softline group of Russian companies, has invested $500,000 in Educate Online, a domestic online platform that helps automate the selection of and admission to international private schools, Firrma.ru reported.

The investee expects to receive the full amount in several tranches, each to be approved only upon the achieving of certain KPIs by the project team. How much Softline Venture Partners will now own in the project has yet to be disclosed.

Educate Online is said to have plans to use the investment to further develop its technological platform, create a new website and mobile app, and expand its sales team. Over the next two years Educate Online is hoping to increase to 500 the number of students who will have chosen and entered an educational institution using the platform; to increase to 400 the number of schools covered (including those in the U.S., Canada and continental Europe); and to carve out a market in Asia (including Hong Kong and China at large). The platform is currently focused on schools in England.

The number of Russian children who entered English private schools between 2005 and 2017 increased by 77% from earlier results, global analysts at Knight Frank announced. The United States is another growing magnet for Russians for high school level education.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
Find Related Content


Tags: Softline Venture Partners (6) / private schools (0) / Educate Online (0) /

Latest News: Central regions
15 Oct '18 | Transport, logistics | Finance, business
11 Oct '18 | Technology & innovation | Finance, business
10 Oct '18 | Technology & innovation | Finance, business
5 Oct '18 | Technology & innovation | Finance, business

Feature stories

27 Aug '18
7 Jun '18
Russian scientists have come up with a new method of...
3 Apr '18
In regions most of European Russians will hardly ever...
Search (News archive - 21280)
Independent Software Developers Forum
Marchmont News

Latest News

15 Oct '18
InSize, a Russian company, has developed and is...
11 Oct '18
Russia is stepping up support for developers of IT...
10 Oct '18
Primer Capital, a Russian venture fund, has invested...

Most read stories from last week