Bakht Niyazov and other business angels from UMAY Angel’s Club invested $640,000 in an EdTech startup

27 business angels from UMAY Angel’s Club invested $640,000 in the educational startup Educate Online. The lead investor and syndicator of the deal was well-known business angel and investor Bakht Niyazov.

This deal became the largest in the history of the UMAY Angel’s Club.

Educate Online is a school education platform that allows children aged 4 to 18 to study online at leading international schools in the US, Europe, and Canada, as well as receive diplomas equivalent to those obtained through full-time education. This enables graduates to enroll in prestigious world-class universities.

Currently, the Educate Online team is focused on expanding its business in countries with rapidly growing markets. Revenue from outside the CIS countries accounts for 95%.

Previously, the startup raised $9,000,000 in investments from Angelsdeck, Softline VP, Flyer One Ventures, Xploration, and TMT.

Educate Online also plans to strengthen its presence in Kazakhstan.

Source: digitalbusiness.kz