About NovaKid
NovaKid is a company based in San Francisco (United States) founded in 2017 by Dmitry Malin and Max Azarov. NovaKid has raised $41.43 million across 5 funding rounds from investors including TMT Investments, Goodwater Capital and Owl Ventures. NovaKid has completed 1 acquisition, including Lingumi. NovaKid operates in a competitive market with competitors including Voxy, VIPKid, Edupia, Qualson and Mrs Wordsmith, among others.
- Headquarter San Francisco, United States
- Founders Dmitry Malin, Max Azarov
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Sectors
Education
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Email
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Phone
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Website
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Social
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$41.43 M (USD)
in 5 rounds
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Latest Funding Round
$35 M (USD), Series B
Aug 02, 2021
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Investors
TMT Investments
& 7 more
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Employee Count
Not available
- Investments & Acquisitions
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People of NovaKid
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Funding Insights of NovaKid
NovaKid has successfully raised a total of $41.43M across 5 strategic funding rounds. The most recent funding activity was a Series B round of $35 million completed in August 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in NovaKid
NovaKid has secured backing from 8 investors, including venture fund investors. Prominent investors backing the company include TMT Investments, Goodwater Capital and Owl Ventures.
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Investments in consumer tech sectors are managed by Goodwater Capital.
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Investments in edtech companies are made by Owl Ventures.
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Investor details for NovaKid
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Investments & Acquisitions by NovaKid
NovaKid has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Lingumi.
Investment portfolio details for NovaKid
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Interactive devices are utilized for pre-school English language learning.
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Locked | Locked | 2015 | Locked |
Complete acquisition details for NovaKid
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- Transaction dates
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Financial Statements - NovaKid
Detailed financials for NovaKid
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- Profit trends
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Novakid Comparisons
Peer comparison for NovaKid
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Competitors of NovaKid
NovaKid operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Voxy, VIPKid, Edupia, Qualson and Mrs Wordsmith, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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English language learning through online courses and tutoring
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One-on-one online English tutoring sessions for children are offered.
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English learning programs are offered via an online platform.
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Mobile-based English learning services are offered to corporate users.
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Vocabulary resources are delivered via activities and flashcards.
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Detailed competitors of NovaKid
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Latest news on Novakid
Complete news archive for NovaKid
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Frequently Asked Questions about NovaKid
NovaKid was founded in 2017 and raised its 1st funding round 2 years after it was founded.
NovaKid is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Max Azarov is the current CEO of NovaKid. They have also founded this company.
NovaKid is a funded company, having raised a total of $41.43M across 5 funding rounds to date.
NovaKid was founded in 2017 in San Francisco, United States, as an online tutoring platform in the education sector. Personalized English lessons are provided to children through interactions with native-speaking teachers in virtual classrooms. Operations include flexible scheduling and individualized instruction. The platform operates on a subscription-based revenue model, serving users primarily in remote learning environments.
NovaKid's top competitors include Voxy, VIPKid and Mrs Wordsmith.
NovaKid has made 1 acquisition, including Lingumi.
NovaKid has 8 investors. Key investors include TMT Investments, Goodwater Capital, Owl Ventures, PortfoLion, and LearnStart.