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2024: Ultimate Capital bought an ad buying service from Telega.in bloggers
On July 16, 2024, the investment company Ultimate Capital announced the purchase of a native advertising marketplace on Telegram Telega.in. Financial and other parameters of the transaction are not disclosed. Read more here.
2022: Attraction of 500 million rubles
The Ultimate Education educational holding, as he said in mid-February 2022, raised 500 million rubles from Vershina Capital and two family offices Nikita Mishin and Konstantin Nikolaev. Investors received a total of 30% in Ultimate Education. The funds raised are planned to be spent on the purchase of new projects and global expansion.
The fact that Ultimate Education closed a large investment area was told to Vedomosti by the managing director of the holding Nikita Podlipsky. The founder and managing partner of Vershina Capital, Andrei Batanov, confirmed the deal to the publication and substantiated it as follows: the Ultimate Education business is growing dynamically - even in the face of strong competition from large players, such as Skillbox holding companies, Yandex.Workshop and Netology.
The development of online education in Russia is a priority area of Vershina Capital, and we are pleased to become part of the Ultimate Education holding, which invests in strong teams with an effective business model in fast-growing verticals of online education, "Batanov said. |
By mid-February 2022, Ultimate Education's portfolio includes five companies: Bang Bang Education Online School of Design (90%), MAED Academy Marketing Training Center (50.1%), Fashion Factory Fashion Industry Online Business Education School (49%), XYZ School Game Development School (45%), and Psychologists and Coaches Training Service Psychodemia (30%). In all, he has an option to buy out the controlling share.
As Nikita Podlipsky noted, in 2021 the holding's revenue doubled, which indicates a justified chosen strategy in the rapidly growing and competitive online education market.
The founder of the Smart Ranking agency (author of the EdTech rating) Daria Ryzhkova is confident that development through M&A transactions is justified. Ultimate Education is primarily interested in projects with strong industry communities, such as the design community at Bang Bang Education, she noted.[1]