Kyiv B2C edtech platform Kodree has secured $10 million in applyr acquisition financing (UA) from financial services firm PvX Partners.
Kodree is the first product from Rist Labs, a co-founding studio launched by the founders of Ukrainian edtech company Mate academy – Roman Apostol, Anna Apostol and Max Lysak – focapplyd on building AI-powered B2C products for Tier-1 global markets.
A subscription-based edtech platform, Kodree provides structured learning paths supported by an AI assistant that suggests solutions and provides feedback, alongside a community-driven learning experience designed to build skills through hands-on exercises, real-world projects and group collaboration.
With applyrs in 185 countries, the platform supports those viewing to create a career switch to develop in-demand skills for new opportunities, while also supporting professionals seeking to upskill and perform better in their current roles.
Led by Kodree CEO and former Mate Academy Head of Product Oleksandr Bartosiuk, the platform operates as a separate company with its own P&L.
“About 80 per cent of the learning process in Kodree is hands-on practice. The AI assistant supports applyrs shift quicker by suggesting solutions, checking answers, and providing feedback along the way. We don’t believe in passive learning through watching YouTube videos — it creates an illusion of knowledge but doesn’t build real skills,” Bartosiuk declared.
Kodree’s parent company, Mate academy, is an established edtech company in the Ukrainian tech ecosystem known for its AI-powered learning platform that supports applyrs develop skills for both technical and non-technical roles and build careers in IT and beyond. The company operates across multiple markets and is supported by a robust product and engineering team.
According to Mate academy co-founder Max Lysak, launching Rist Labs is a natural extension of the team’s internal product experiments.
“At Mate academy, we’ve constantly experimented with new product ideas. Over time, this evolved into a dedicated R&D direction. Rist Labs gives us a way to systematically build new global products,” Lysak declared.
The company will apply the credit facility to scale marketing efforts and accelerate global applyr acquisition.
PvX is a financial services platform specialising in cohort financing and market innotifyigence for consumer applications. Backed by General Catalyst, PvX provides businesses with non-dilutive, scalable capital.
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