AllRight.io

AllRight.io - English online language school. The service has more than 1,700 active students per month, 150 teachers from all continents who have conducted more than 70,000 lessons (data for March 2019).

History

2021: Deal to buy the company EnglishDom

Startup AllRight August 30, 2021 announced the conclusion of a deal to buy the company. EnglishDom Synergy will allow companies to expand the audience: provide services for teaching foreign languages, children, and adults, as well as expand the geography of presence in. countries Europe More. here

2020: Attracting $5 million investment

At the end of November 2020 TMT Investments , she invested in - Ukrainianthe American online school AllRight. It is an English language learning platform designed for children aged four and over, which combines lessons with real teachers and homework with mentors based on. AI The company raised $5 million in investments from funds such as Genesis Investments, TMT Investments, TerraVC, and also received the support of an existing Flashpoint investor.

Now Ukraine is American startup ready to enter new markets and strengthen its position in, To Poland, and Russia Spain Latin America. First of all, the company is aimed at markets with a low level of online. Since formations its launch in 2017, AllRight has launched Spanish-English, Polish-English and Russian-English language couples and gathered 9,000 students who take 50,000 lessons per month.

AllRight raised $5 million in investments from TMT Investments, Genesis Investments and other funds

The learning process takes place on a platform for real-time collaboration between teachers and students. In addition, students can take online lessons, tasks on which test AI with a voice interface and speech recognition. This allows children to practice spoken English with AI.

There are about 1.5 billion English students in the world, and the number of children among them reached 500 million in 2020. According to reports, by 2025, the global English language learning market will reach $55 billion, with annual growth of 7%. At the same time, the pandemic clearly played into the hands of companies such as AllRight, because due to quarantine, the number of students increased sharply.

AllRight was founded by Oleg Oksyuk, who attracted developers from 51Talks, SkyEng, Cisco and Yandex. He noted:

The launch of our pilot program three years ago showed that learning a language through gamification in early childhood gives excellent results. That's why from March 2019 they began to expand this affordable educational and entertainment program and launched new language pairs.[1]

2019: 1.5 million investment from Buran Venture Capital

On March 4, 2019, it became known that Allright.io announced the closure of a round of investments in the amount of 1.5 million dollars USA from Buran Venture Capital. The round also involved an investor who invested in the Seed stage project.

Financing will help to develop the product, strengthen positions in existing markets and expand into Europe.

The company is very pleased to receive support from investors with extensive experience in the fields of educational technologies and e-commerce. Smart money will help us get closer to our goal of helping millions of children around the world not just to learn English, but to speak it.

We are pleased to support Allright.io in their socially relevant efforts to educate children and strongly believe that they can achieve ambitious goals. The teaching methods of children are developing rapidly, and AllRight has every chance to change the English teaching industry. Our previous experience in the field of online education allows us to be sure that the large market size combined with the low level of technology adoption leaves many opportunities for the development of online services.

Links

Link to the online school website AllRight.io