Novakid Company Research Report
Company Overview
Name: Novakid Inc.
Mission: Novakid aims to provide high-quality, interactive English language instruction to children through immersive, engaging, and technology-enhanced methods. Their goal is to make language learning fun and effective for children aged 4-12.
Founded: 2017
Founders:
- Max Azarov (Co-Founder and Chief Executive Officer)
- Dmitry Malin (Co-Founder and Chief Operations Officer)
Key People:
- Max Azarov - Chief Executive Officer
- Dmitry Malin - Chief Operations Officer
- Aksana Maiseyeva - Chief Financial Officer
- Elena Campanella - Teacher Operations Director
- Michael Lisovski - Engineering Director
- Elvira Mambetova - Chief Education Content Officer
- Irina Kuznetsova - Product Director
- Artem Shaevich - Commercial Director
- Olena Strutynska - Support Excellence Director
- Kate Busby - Acting Marketing Director
- Olegs Ustinkovs - HR Director
- Maria Greku - Culture & Internal Comms Lead
- Adrienne Landry - Senior Content Manager
Headquarters: US 548 Market St 8291, San Francisco, CA 94104-5401
Number of Employees: Approximately 2,500 staff/contractors and teachers
Revenue: Double-digit growth in 2022, exact figures not provided
Key Funders: Owl Ventures, Goodwater Capital, PortfoLion, LearnStart, Xploration Capital, Bon Angels, Leta Capital, TMT Investments
Recognition: Recognized globally as a leading online English school for children in Europe
Known For: Online English language instruction for children aged 4-12, utilizing AR/VR, machine learning, and gamification technologies
Products
Product Portfolio
1. Individual Lessons
- Target Age Groups: 4-12 years old
- High-Level Description: Online individual English lessons conducted by certified native-speaking teachers.
- Key Features:
- 25-minute lesson format
- Customized curriculum based on the child's level and needs
- Interactive classroom environment
- Gamification elements to enhance engagement
- Personalized feedback and progress tracking
2. Time2Talk
- High-Level Description: An intensive speaking practice course focusing on various conversational topics.
- Key Features:
- Topics include art, music, technology, food, fiction, and more
- Focus on improving verbal communication skills
- Encourages critical thinking and expression
3. Virtual Explorer
- High-Level Description: An extensive course offering virtual tours and exploratory learning experiences.
- Key Features:
- Uses VR technology for immersive learning experiences
- Topics include historical, scientific, and cultural education
- Aimed at enhancing both language skills and general knowledge
Additional Programs
- Education from Scratch: Tailored programs for beginners and preschoolers.
- Speaking Groups: Group sessions focusing on conversation practice and cultural exchange.
- Curriculum aligned with the European CEFR standards for language proficiency.
Recent Developments
Recent Developments:
- No specific new products or features launched recently as per the available information.
New Features Added to Existing Products:
- No detailed information on new features added to existing products.
New Partnerships:
- No information on new partnerships.
Conclusion
Novakid Inc. has established itself as a prominent player in the EdTech space, focusing on the online English language education segment for children. With a strong emphasis on immersive learning, gamification, and the utilization of AR/VR technologies, Novakid offers an engaging and effective learning platform. The company's structured and individualized approach, along with its qualified teaching staff, ensures that children receive personalized attention and make significant progress in their language learning journey.
