The amount of the transaction was not disclosed.
The company intends to use the funds to expand operations in the test preparation services market in Russia.
Founded in 2013 and led by Michael Magkov, CEO, Maximum Education is an offline and online educational provider of test preparation services. Currently, the company is focused on the preparation to Russian standardized school exams – OGE (9th grade exam) and EGE (11th grade exam) and operates two branded learning centers in Moscow and St Petersburg.
Last year, it provided its services to more than 4,000 students.