Novakid, an international online English school for children 4-12 years old, has recently raised $1.5 million (approx €1.3 million) led by Venture firm LETA Capital and South Korean VC BonAngels. So far the company has raised $2.2 million (approx €2 million) in total since launch.
As per the company claims, the new investment will be spent on product improvement, as well as further geographical expansion. Novakid’s annual turnover exceeded $2 million (approx €1.8 million) in 2019, tripling from the previous year. The company plans to maintain the same growth trajectory in 2020.