Algorithmics is the largest school of programming and mathematics for children in Russia in terms of number of students. Former McKinsey consultant Andrey Lobanov founded it in 2016. Prior to that, he was a lecturer at Synchronization.
Algorithmics operates in 37 countries. The business is currently developing as a franchise. According to Algorithmics, more than 150,000 children have already studied with them. Their revenue in 2019 was $3.3 million.
In the fall of 2019, the largest Russian IT company Mail.Ru Group became a co-owner of Algorithmics. They bought 11.7% of the company (the amount of the deal was not disclosed). In February, Algorithmics raised $10 million from a technology investment fund and Winter Capital — multiple investors were fighting for the company.