Krakow-based Novakid raises €1.3 million to promote cultural diversity while learning English | EU-Startups
Summary
The Polish edtech startup Novakid, an online educational platform for children 4-12 years old, has announced raising €1.3 million from Venture firm LETA Capital together with the South Korean VC BonAngels. Novakid, founded in 2017 by Russian entrepreneur Maxim Azarov, is an online English language school aimed at children aged 4-12 years, where all qualified teachers are native speakers. Online lessons are taught using an in-house built Web platform, which is enhanced with virtual reality and gamification technologies in order to provide children with full immersion during the process of language learning. At the same time, the company utilizes a ‘massively multiplayer online role-playing game’ model (MMORPG), which allows students to interact with each other during the learning process and rewards with personal ‘achievements’, while teachers act as both participants and moderators. This allowed us to encourage and motivate children, immerse them in educational activities, and, ultimately, ensure a sustained high level of foreign language learning – in each of the countries where our company operates.”