SAN FRANCISCO, Calif., December 3, 2020-- Novakid Inc, an emerging EdTech brand reinventing learning English as a second language for children ages 4-12, announces today the closing of a $4.25 million Series A financing from a group of US, Asia and Europe-based investors. The financing round is led by a Hungary-based PortfoLion (part of OTP, a leading banking group in Eastern Europe) and joined by a prominent EdTech-focused US fund LearnStart (part of LearnCapital VC family, which backed a number of notable EdTech-companies, among them VIPKID and Brilliant.org), as well as renowned firms TMT Investments and Xploration Capital.