“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” – said dr. Anita Breuer, co-founder of Logiscool.
The company has previously received investment from NNG-founder and angel investor Péter Balogh. The investment helped in the development and the successful initial international launch: “Logiscool had already achieved what is rare for Hungarian brands: it is building a successful franchise network from Taiwan to Florida, and changes the life of ten 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” – said Péter Balogh.
The current investment of 3.5 million EUR, led by Euroventures in co-investment with the experienced investor Márton Szőke (founder of Indextools which was acquired by Yahoo!, has had several successful exits with a past and present portfolio including among others AutoHop, Tresorit, Omixon and Bitrise) enables Logiscool to expand its HQ team in Budapest, to develop its educational offering and its local and international partnerships to accelerate international expansion.
Logiscool builds their expansion strategy on franchise model from the very beginning which model supports scaling, fast growth and expansion effectively (which is evaluated very positively by an investor).
Today they work together with 100+ franchisees, generating 1.5-2 million EUR revenue on a yearly basis. The investment of Euroventures’s with its expertise, market knowledge and international network will lead Logiscool to a new dimension of operation and international growth.
The preparation for the transaction, the investor talks and the negotiations had taken more than 1 year. Pitch deck was sent approx. 30, pre-listed potential investors which generated high interests and positive feedbacks among them. Negotiations started with a short list of matching investor – with Absolvo’s intensive support.
Euroventures become the one in the end.
Business plan was analysed in full details, more specific reports were expected to be prepared and many challenging questions had to be answered during the process of due diligence to give to the investor a deep insight about their market and operation, and to justify their commitment and confidence in their business, their future plans and objectives.
“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 is a great opportunity and responsibility to be part of such a growth story” – said Péter Tánczos, director of Euroventures.
The founding team reported a fair and supportive attitude from the investor side throughout the overall process and they continue the journey together as shareholders and business partners after closing the deal.
Congratulations and thanks to the excellent Logiscool team for cooperating and being part of their success story! We wish them good luck to achieve their ambitious goals!