Euroventures funding will enable coding franchise to accelerate its international expansion plans
Logiscool, a global leader in coding education for children aged 6-18, has been given a financial boost following an investment of €3.5 million by Euroventures, one of the leading independent private equity and venture capital firms in central Europe.
The funding will enable Logiscool, which has 100 franchises in 16 countries, to accelerate its international expansion plans, expand its headquarters team and develop its educational offering, as well as its local and international partnerships.
Logiscool launched its innovative coding school in Hungary in 2014. According to the company, the success of its fun-based method is down to its modular curriculum, which is composed of more than 600 lessons and allows students to continuously improve their coding skills over several years.
The company’s proprietary educational platform grows with students’ age and skill level, giving them the feeling of immediate success and long-term development. Its young and enthusiastic trainers make the courses inspiring and entertaining to the students.
Dr Anita Breuer, one of Logiscool’s founders, says: “We believe that acquiring the knowledge of the future can be enjoyable and fun.
“At Logiscool, kids can learn the basics of logical thinking in a fun-based way, improve their problem solving skills, understand complex processes and in later life they can use that knowledge in almost any workspace.”
Logiscool has previously received investment from NNG founder and angel investor Péter Balogh, which helped in the development and successful international launch of the business.
Péter says: “Logiscool had already achieved what is rare for Hungarian brands: it’s building a successful franchise network from Taiwan to Florida and changes the lives of tens of thousands of children.
“Our big dream with the team is to teach one million children to code - that kind of ambition makes it really worthwhile to get up in the morning.”
Gyula Csitári, also founder of Logiscool, described the latest investment round as “an important milestone in the life of Logiscool.”
He adds: “It gives a significant boost to our further growth. It enables the development and expansion of the team. Therefore we will be able to better support our partners and with our continuous developments can gain and sustain our leading role worldwide.
“We aim to provide the best coding education to kids globally.”
Péter Tánczos, director of Euroventures, says: “We invested in Logiscool because we see a rare combination of an excellent and devoted management with international experience, a rapidly growing global market and a technology-based, unique value proposition.
“It’s a great opportunity and responsibility to be part of such a growth story.”