Oslo-based edtech company Kahoot! has completed a private placement of 7.5 million shares with a group of US and Europe-based institutional investors, raising about $28 million in new equity. The private placement also included 16.5 million existing shares, thus amounting to $90 million in total, and the company is currently valued at roughly $1.5 billion. […]
Finnish edtech startup Kide Science has raised €1.5 million of seed funding to focus on global expansion, particularly in Asia. The round was led by Sparkmind.vc, which is investing from its recent €40 million fund dedicated to the edtech sector. “Kide Science stands out because of its very strong pedagogical proposition,” says Kai Talas of […]
Russian-born edtech startup Mybuddy.ai, developer of a virtual English tutor for children, has raised a $1 million seed round from Russian VC LETA Capital. In a press release, the company claims that over 500 million children around the globe are trying to learn English, but can’t reach fluency because they lack actual practice speaking the […]
Speakly, an Estonian language learning startup, has raised €900,000 in a seed round led by Finnish firm Superhero Capital, with the participation of Estonian VCs Trind Ventures and Contriber Ventures, London-Stockholm-based TrueSight Ventures, and private angels. The Tallinn-based startup was founded in 2018 by two polyglots, Ott Ojamets and Ingel Keskpaik, who speak seven languages […]
Lingumi, a London-based edtech platform for toddlers and pre-schoolers, has raised a £4 million Series A to continue developing its AI-driven language lessons and expand the team globally. The round was led by China-based North Summit Capital, with support from existing investors LocalGlobe, ADV, and Entrepreneur First. Founder and CEO Toby Mather wanted to create […]
Dublin-based edtech startup Code Institute has raised €1.2 million to expand its online learning platform internationally. The round was led by Kernel Capital, through the Bank of Ireland Kernel Capital Growth Funds, and Infinity Capital. The distance learning platform offers university-accredited courses on coding, used by individual learners as well as employees at enterprise companies […]
As the Corona pandemic closes schools and moves learning online, Estonia is making digital education tools available for free and internationally accessible. Estonia’s basic education is recognised as some of the strongest in the world. In 2018 the country ranked first in the Programme for International Student Assessment (PISA). The country is also recognised for […]