Horizon Capital, a US private equity firm, has announced the investment into GoIT, a Ukrainian-founded EdTech platform. This transaction marks the second investment from Horizon Capital’s latest fund, HCGF IV.
The amount of investment was not disclosed, but it marks the second investment from Horizon Capital’s latest fund, Horizon Capital Growth Fund IV (HCGF IV), which reached $298 million at its Interim Closing on September 28, 2023. It will help to accelerate the GoIT’s global expansion.
According to information from Forbes sources, the investment can be $10-15 million.
GoIT is a global EdTech company with a mission to democratize engineering education for the digital professions. Founded in Ukraine by Roman Korytskyy and Anton Chorny, the company is currently operating in Poland, Romania, Mexico, Colombia, and the Philippines and aims to enter two new markets each year.
The company also launched GoITeens, a pre-college offering to boost access to STEM education and Neoversity, the pioneer online Tech Masters program with internationally recognized diplomas. GoIT claims it has grown to over 20,000 students and helped place alums in over 850 tech companies in 15 countries.