https://techcrunch.com/2020/12/01/novakids-esl-app-for-children-raises-4-25m-series-a-led-by-portfolio-and-learnstart-investors/

With the pandemic playing havoc with children’s education EdTech startups have been on a roll. A new fundraising seems to come almost every week at this point.

Today it’s Novakid’s turn. This EdTech startup is yet another ‘learning English as a second language for children’ startup. But it at least has a chance among the plethora of solutions out there, having raised a $4.25 million Series A financing led by Hungary-based PortfoLion (part of OTP, a leading banking group in Eastern Europe), alongside a prominent EdTech-focused US fund LearnStart. LearnStart is part of the LearnCapital VC which has previously backed VIPKID and Brilliant.org. TMT Investments and Xploration Capital also joined the round. Both seed investors – South Korea-based BonAngels, as well as LETA Capital, took part in this financing round in January this year, of $1.5M.