Educate Online Raises $4 Million for Overseas Development
Educate Online, a platform for distance learning abroad, raised $4 million from venture funds, the Softline IT company and investors from the Angelsdeck club. The parties do not disclose the assessment of the startup.
The funds raised will be used to scale business in Latin America, Asia and the Middle East. The company also intends to develop its own technology platform.
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According to Educate Online's own data, more than 2.5 thousand people from 18 countries have used their service during the year. Last year, the company's turnover grew 5.5 times. This year, an increase of 3-5 times is expected.
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