Moscow EdTech project Dragon Family, which is creating an application for developing children's skills, has raised investments from the Internet Initiatives Development Fund (IIDF) in exchange for a 5% stake in the company. This is the first outside investment for the startup. The details of the deal were not disclosed. The application is used by more than 25 thousand families, and one fifth of them are US users.
In September Dragon Family received 500 thousand rubles (or $6,5 thousand) from the Moscow Seed Fund as part of the program providing grants to the most investment-attractive graduates of accelerators held in Moscow.