Deal: Praktikal
Intro request: Interested to get in touch with founders
Overview
Praktikal provides comprehensive educational solutions for teaching natural sciences. They offer experiment kits, methodologically guided materials, and an integrated digital platform with presentations, worksheets, and quizzes. Designed to save teachers preparation time and enhance student engagement, their tools support both novice and experienced educators. Praktikal aims to make science education accessible and enjoyable, with affordable pricing and resources aligned with national curricula, already benefiting over 130 schools.
PRODUCT OVERVIEW CAN BE FOUND HERE
Recent highlights and projections:
- Following the expansion to DACH, export revenue is expected to surpass the Estonian revenue from 2025.
- Joint venture with Mastersolution will provide 250K ARR from 2025.
- Revenue from publishers will come in from 2024 and grow to 400k by 2028.
- Increase in the number of schools from 2024 is connected to DACH region expansion.
- Expected to increase ARR per school due to more schools buying upgrades and support
- Growth in publisher base from 2024 is expected to increase as more schools are on the platform.
Backstory
fff was approached by Martin Villig, who is also a member of us. Being an investor on board he sees this as an important, impact-investment that is dragging the innovation of the educational sector forward. In addition, Taavet+Sten are also seeing a very needed impact of Praktikal and are joining this round.
We had a meeting with Omari, the founder, who shared his vision, updated on the progress and was happy to allow fff investors to join the round in case of interest.
It is important to highlight that Praktikal is about to finalise the JV with the German company Mastersolution, which would open up an access to 10k schools in Germany, steering the MRR close to 20k€.
Key info
Founders: Omari Loid (CEO & Co-founder) / Eva Pedjak (Co-founder) / Kaido Reivelt (Co-founder) / Oleg Shvaikovsky (Co-founder)
Round size: 350k€ / Seed
Available allocation: ca.30k€
Participating Investors: Taavet+Sten / Martin Villig / Heateo Haridusfond