Educational technologies Skyeng OANO DPO Skaeng

As of January 25, 2017, Educational Technologies LLC provides services to the online English school.

Organized in 2013.

History

Project Founders and Managing Partners:

• Georgy Solovyov - CEO
• Khariton Matveev - Product Manager
• Denis Smetnev - Head of Customer Care
• Andrey Yaunzem - Head of Development Department
• Alexander Laryanovsky - Business Development Director, Ex-Director for International Development of Yandex

2023: Denis Smetnev leaves the company

One of the founders of Skyeng Denis Smetnev left the operational management of the business. At the same time, he remained a shareholder of the company, his share (not disclosed) in the service did not change. This became known in mid-June 2023. Read more here.

2022: Khariton Matveev changes his name to Harry Mathvis amid Russia's special operation in Ukraine

The founders of startups from Russia are starting to change names and hide ties with Russia. For example, in April 2022, Skyeng co-founder Khariton Matveev became Harry Matthews.

It is worth noting that this is not the first case, for example, venture investor Sergei Belousov from Runa Capital is now just Serg Bell.

2021

Acquisition of 25% stake in Qmarketing Academy

Skyeng bought 25% of the educational service Qmarketing Academy with the possibility of increasing its share. This became known on November 25, 2021. The size of the deal was not disclosed. Read more here.

Agreement on the creation of the consortium "University 360"

GC "Element," North-Eastern Federal University named after M.K. Ammosov, "Almazergienbank" and the online school Skyeng on September 6, 2021 announced the signing of an agreement on the creation of the Consortium "University 360." Read more here.

Purchase of online school "Codium"

On August 19, 2021, it became known about the sale of the online school "Codium" to Skyeng. Financial and other terms of the transaction were not disclosed. Read more here.

Open letter from Russian online services against anti-competitive behavior of Yandex

On March 18, 2021 TAdviser , information came to the disposal that the Russian Internet the companies signed an open letter in which they expressed concern about the abuse of the dominant position in the search market by "" and Yandex supported the decision that FAS obliged the IT giant to eliminate privileges to promote its own services in this market. More. here

2020: Attracting investment from Baring Vostok and Vladimir Potanin's Winter Capital Partners fund

On November 20, 2020, it became known about the investments attracted by EdTech startup Skyeng from Baring Vostok and billionaire Vladimir Potanin's Winter Capital Partners fund.

The funding round took place back in October 2020, Skyeng managing partner Alexander Laryanovsky told Forbes. He did not disclose the terms of the transaction and preferred to focus on the company's business in a conversation with the publication.

Skyeng raises investment from Baring Vostok and Winter Capital Partners

The pandemic [coronavirus COVID-19 - approx. TAdviser] has greatly covered the online education market and our growth. We have discovered a new direction that is associated with the launch of electronic workbooks and the automation of homework checks for schoolchildren. We saw that the entire market began to grow rapidly, and we needed to develop faster than we planned a year ago, "he said.

According to Laryanovsky, from the beginning of 2020 by November 20, the number of Skyeng customers doubled - 50% higher than expected. 15 thousand teachers are registered on the site, who conduct classes for 120 thousand students, he added.

Forbes called Skyeng the most expensive educational. In startup Russia 2020, the magazine included Skyeng in the list of the most expensive 20 companies - RuNet the online school took 13th place with an estimate of $130 million.

Winter Capital will continue to actively invest in online education, fund managing director Vasily Nikolaev told Forbes. He called the sector "one of the key verticals of the fund." At the end of 2019, the Russian online education market amounted to 45-50 billion rubles, and in 2020 it will grow by 20-25%, to 55-60 billion rubles, follows from the data of the Interfax Academy report cited by the publication.

2018: Baring Vostok Investment

In 2018, the Baring Vostok fund invested Skyeng for the first time. As a result of that transaction, the startup was valued at $100 million.^[1]

Notes