Online programming school GoIT has attracted investment from Growth Fund IV, a new fund from Horizon Capital. The exact amount and details of the deal remain confidential, but it is reported that it could be around $10-15M, and include a minority stake of 25%.
Vasyl Tofan, senior partner of Horizon Capital, emphasized that their fund has already raised $300M, and standard investments range from $10M to $30M for minority stakes of 20-30%. The fund plans to close on at least three investments, possibly more, by the end of 2023. This is the fund’s second investment; three more are in the final phase.
GoIT intends to use the proceeds for global expansion and integration of AI products. Roman Korytskyi, the founder of GoIT, noted that expansion is planned in markets where Poland, Romania, Colombia, and Southeast Asia are already present. New markets such as Turkey, Chile, Mexico, and Vietnam are also being considered.