EdTech boom continues as IntellectoKids raises $3M from Allrise Capital and others

The rush to capitalize on the shift to online learning, post-pandemic, continues. IntellectoKids, a developer of educational apps for children aged 3 to 7 years, has raised $3 million in a Series A financing led by US-based Allrise Capital and other investors, including Genesis Investments.

The platform offers parents of preschool children gamified' educational content and structured lessons available on mobile devices.

The startup will now launch a Classroom feature with learning tracks in five core Kindergarten and Grade 1 courses, including Math, Phonics, Science, Arts, and Logic.

In addition to the current B2C model, the founders expect in 2021 to offer primary schools and kindergartens IntellectoKids' platform as an online supplement to support their offline educational process.

IntellectoKids was founded by Mike Kotlov and Andrey Kondratyuk in 2017, who each have three young children.

Kotlov said: On the education scene, preschool education is becoming a highly vibrant market. The pandemic showed that preschool kids can effectively consume educational content online and autonomously. Clearly, there is a growing need for this type of product among parents and businesses now; however, once the pandemic is over the online education is here to stay for sure as it has already become intertwined with offline and benefited the overall educational process."

IntellectoKids says it has more than 2 million installs across North America and Central & Northern Europe.