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Kodium

Company

Content

Financial results
2020 year
Revenue: 433 Thousand rub
Net Profit: 43 Thousand rub

Owners

+ Winter Capital Partners (WCP)

Codium is an online programming school for children. It was founded in 2019 by Maxim Vasiliev, who, according to the Unified State Register of Legal Entities, by August 19, 2021 remains the sole founder of the company. By this time, Kodium had helped teach 5,000 children in 56 countries to the worlds. On the platform, lessons are available for users aged 6 to 15 years, training is available from 180 teachers in different countries.

Performance indicators

2020: Revenue - 433 thousand rubles, profit - 43 thousand rubles

According to Kontur.Focus, the revenue of Kodium LLC in 2020 amounted to 433 thousand rubles, net profit - 43 thousand rubles.

History

2021: Skyeng bought Kodium

On August 19, 2021, it became known about the sale of the Kodium online school to Skyeng. The financial and other terms of the transaction are not disclosed.

It is expected that the courses and manuals presented on the Kodium platform will be integrated with the Skysmart interactive platform. At the same time, all Kodium users will be able to continue their training.

The first joint product of Kodium and Skyeng will be a programming course at Skysmart. It is planned to be launched on September 13, 2021, Skyeng said. They added that the development and promotion of the direction will remain under the leadership of Maxim Vasiliev with the support of the Skysmart product team.

Skyeng acquired Kodium
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We believe that in a few years there will be a very limited number of key players in the Russian and CIS markets. Given this, the transaction is quite logical both for us and for Kodium. We are confident that the experience and resources of Skysmart will significantly accelerate the growth of the Kodium business, the Skyeng press service said.
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It is noted that the acquisition of Kodium will help expand the online children's school Skysmart and offer students not only school subjects. The service explained that they are developing the project together with Skypro Online University.

The general idea of ​ ​ building a horizontal educational holding is to create the most seamless line of educational products, which ideally covers the entire life of a person, Maxim Spiridonov, founder of Netology Groups, told Forbes.

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At the same time, it is important to hook the client as early as possible - in childhood, in the school or even preschool period. Skyeng has already entered the school, and it is logical that they continue to expand in other subjects. Here is robotics, the development of soft skills, and programming as one of the widely applicable and sought-after skills, "he said.[1]
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Notes