In July, 2021, Novakid raised $35m in Series B.

Novakid is an emerging EdTech brand reinventing learning English as a second language for children of ages 4-12 around the globe. It implements a unique format that combines a highly-interactive digital curriculum with individual live tutor sessions where students and tutors only speak English for a 100% language immersion. This experience is hard to reproduce offline or it requires native teachers to be present in one’s own country in person, which is a very scarce resource.

Novakid CEO, Max’s vision is to improve the world so that English fluency is not a privilege anymore. He believes in a world where all children, irrespective where they are, have the means to learn and use English as a common tongue to communicate and exchange ideas.

The company is incorporated in the US with development and customer support offices around Europe with over 150 highly qualified staff and over a thousand teachers around the world.

Aurél Pasztor, Partner at PortfoLion, got attracted to Novakid due to its excellent traction in 2020, which resulted in over 500% growth year-on-year both in terms of number of students and in terms of revenue. Other attractive points were strong customer retention, international business footprint and solid monetization via paid subscriptions.