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 4 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
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Net Profit
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EBITDA
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Total Equity Funding
$41.43 M (USD)
in 4 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
Employee Count
- Investments & Acquisitions
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Funding Insights of NovaKid
NovaKid has successfully raised a total of $41.43M across 4 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.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series B — $35.0M
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First Round
First Round
(19 Aug 2019)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2021 | Amount | Series B - NovaKid | Valuation | Goodwater Capital , Owl Ventures | |
| Dec, 2020 | Amount | Series A - NovaKid | Valuation | PortfoLion | |
| Jan, 2020 | Amount | Seed - NovaKid | Valuation | BonAngels Venture Partners , Leta Capital |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments in consumer tech sectors are managed by Goodwater Capital.
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Founded Year | Domain | Location | |
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Investments in edtech companies are made by Owl Ventures.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by NovaKid
NovaKid has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Lingumi. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| 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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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - NovaKid
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Novakid Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
English language learning through online courses and tutoring
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| domain | founded_year | HQ Location |
One-on-one online English tutoring sessions for children are offered.
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| domain | founded_year | HQ Location |
English learning programs are offered via an online platform.
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| domain | founded_year | HQ Location |
Mobile-based English learning services are offered to corporate users.
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| domain | founded_year | HQ Location |
Vocabulary resources are delivered via activities and flashcards.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Novakid
Frequently Asked Questions about NovaKid
When was NovaKid founded?
NovaKid was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is NovaKid located?
NovaKid is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of NovaKid?
Max Azarov is the current CEO of NovaKid. They have also founded this company.
Is NovaKid a funded company?
NovaKid is a funded company, having raised a total of $41.43M across 4 funding rounds to date. The company's 1st funding round was a Seed of $1.43M, raised on Aug 19, 2019.
What does NovaKid do?
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.
Who are the top competitors of NovaKid?
NovaKid's top competitors include Voxy, VIPKid and Mrs Wordsmith.
How many acquisitions has NovaKid made?
NovaKid has made 1 acquisition, including Lingumi.
Who are NovaKid's investors?
NovaKid has 8 investors. Key investors include TMT Investments, Goodwater Capital, Owl Ventures, PortfoLion, and LearnStart.
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