Educate Online

Educate Online is an online platform that allows children between the ages of 5 and 19 to enter foreign schools. Training is conducted remotely (LMS), due to which, according to the company, users save from $30 thousand to $120 thousand per year, passing the same program, with the same teachers as when training in person. One of the founders of Educate Online is co-owner of Softline Igor Borovikov.

History

2021: Attracting $4 million investment

On December 14, 2021, the Educate Online team announced the attraction of $4 million in investments. In an educational platform that helps students study in schools, and Great Britain USA , Canada invested,, Xploration Capital TMT Investments Flyer One Ventures, and. Softline Angelsdeck The parties do not disclose the company's assessment of the transaction.

The startup will use the funds received to scale its business in Latin America, Asia and the Middle East, as well as to develop its technology platform and create an international student community, TAdviser told Educate Online.

Educate Online educational platform raises $4 million for development abroad

According to Educate Online's own data, over the year by mid-December 2021, more than 2,500 people from 18 countries used the service. To facilitate the adaptation process, a team of experts provides students with psychological support in their native language.

The platform not only helps with online education, but also offers students the opportunity to participate in summer or semester programs on campus, research tours, cultural and language trips. Thus, Educate Online has created The Hub system to involve students of all ages in online learning K-12, ESOL, university preparation, as well as in internship and mentoring programs.

Schools are historically based in the same city. Only a few of them have expanded to other countries, mainly due to the creation of foreign campuses, "says Evgeny Timko, managing partner of Xploration Capital, commenting on investing in an EdTech startup. - This significantly limits the potential coverage of international schooling. Online learning can become dominant over existing traditional school infrastructure.

According to co-founder and managing partner of TMT Investments Artyom Inyutin, new investments will help the platform grow even more confidently.

2020: Attracting $650,000 of investments

In December 2020, Educate Online announced the attraction of $650,000 in investments. 22 business angels, members of the Angelsdeck Venture Investors Club, and the Singapore investment holding became the main investor in the educational startup Altergate.vc. A representative of Educate Online in a conversation with TAdviser refused to name the cost of the project following the results of the funding round, but noted that over the past year, the estimate has grown 2-3 times.

The EdTech startup will spend the funds received on improving its online platform and geographical expansion (a special emphasis is planned to be placed on the markets of Europe and Southeast Asia). Educate Online also intends to attract leading specialists in educational technologies.

Russian platform for the selection of foreign private schools Educate Online attracted $650 thousand in investments

The presence of business angel clubs makes it much easier to raise funds at the Seed round. A large number of investors come in with small checks, while adding their expertise, which is so important in order to reach round A, "said Alexander Zheltov, founder of Educate Online.

Educate Online reported a rapid growth in the company's business during the COVID-19 coronavirus pandemic - revenue rose 6 times, and the number of students - 4.5 times. The pandemic reduced the skepticism of universities to remote education, as a result, when enrolling in university, it becomes less and less important whether a person studied in a good full-time school or remotely through Zoom, the company emphasized.

By December 2020, five languages and 60 subjects are available on the Educate Online platform. Upon graduation from American school, a US state certificate is issued.

According to TAdviser in Educate Online, the competitors of the service include language tutor search platforms (for example, Skyeng). However, unlike them, Educate Online helps students not only learn the language, but also get a full secondary education and an official diploma from a foreign school. Consumers increasingly prefer the online format, because it is about 20 times cheaper, added to the startup.

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