Introduction
Lingokids 40m series 30m takahashiventurebeat, a leading digital language learning platform for kids, recently announced it had secured $40 million in Series A funding led by Takahashi Ventures. This news comes shortly after the company closed a $30 million Series B round in 2020.
The new funds will remain used to expand the language-learning platform. Which aims to help children learn English, English and Spanish in one fun and engaging way. In this article, we’ll take a closer look at the details of the funding round and what it means for Lingokids.
Where Playing Lingokids do Learning – Lingokids 40m Series 30m Takahashiventurebeat
Firstly, Lingokids is a 100% safe, game-based app with exclusive Playlearning content for kids ages 2-8. It was launched in 2016 when our CEO, Cristóbal Viedma, was looking for an educational tool to teach his young niece English.
We have donated licenses to families, educators and schools impacted by the COVID-19 crisis for the past two years. Additionally, we constantly partner with NGOs such as UNICEF, Save the Children, and Pies Descalzos to ensure that we reach families and children. Worldwide who cannot afford the Lingokids app.
Powered by our industry-leading talent, we offer lots of fun and engaging content with over 750 activities: chants, songs, episodes, crafts, trivia moments, and more. Of course, we also have our beloved and unique Lingokids characters: Billy, Cowy, Lisa, Elliot, Baby Bot and Bobby, all developed by our fantastic team at Lingokids Studio. Additionally, in March 2022, we launched our first physical game with Ravensburger.
Details of the Series A Funding Rounded – Lingokids 40m Series 30m Takahashiventurebeat
The Series A money round was led by Takahashi Ventures, a venture capital firm specializing in seed investments. The round also included participation from other investors, including EdTech Ventures, Accel Partners and Reach Capital. The $40 million investment will continue to expand the platform and invest in new products and technologies.
How Lingokids Plans to Use the Funds – Lingokids 40m Series 30m Takahashiventurebeat
The new funds will remain used to expand the language learning platform, focusing on developing new products and technologies. It includes creating new content and activities and exploring new technologies such as artificial intelligence and machine learning. The funds will also remain used to expand the reach of the platform, with a focus on growing its user base in the United States, Latin America and Europe. lingokids 40m series 30m takahashiventurebeat
Takahashi Ventures Investment in Lingokids
Takahashi Ventures is a venture capital firm that specializes in early-stage investments. The company has invested in several start-ups, including the Lingokids 40m series 30m takahashiventurebeat language learning platform. Takahashi Ventures’ investment in Lingokids is part of its commitment to invest in innovative and disruptive technologies. That have the potential to impact society positively.
What The Future Holds for Lingokids
The new funding will allow Lingokids to expand its platform and invest in new products and technologies. The corporation plans to use the funds to develop new content and activities and explore new skills such as artificial intelligence and machine learning. The company also plans to expand its user base in the United States, Latin America, and Europe. With this new funding, Lingokids remain poised to become a world leader in language learning.
What Our Partners in Play Say
“Safe digital options for early childhood education are a hot topic for parents worldwide. You can find numerous regional players in this space. Still, only Lingokids has established a truly global and fast-growing business model with highly engaging, secure and ad-free exclusive content,” said Jasper Massmann, Partner at HV Capital. “Over the past four years, HV has invested in every round that Lingokids has raised. I couldn’t be more excited to continue the journey with Lingokids to assist millions more families in benefiting from and growing a global edutainment platform.
However, Per Roman, Co-Founder and Working Partner of GP Bullhound added: “The pandemic has accelerated the digitization of education. And also we are seeing tremendous momentum in the edtech sector. With this original investment. We are proud to provide Cristóbal Viedma and the incredible team at Lingokids with their assignment to disrupt educational barriers. And also create equal opportunities for children worldwide.
Finding New Partners
With its earlier investment last year, Lingokids joined forces with international toy and puzzle company Ravensburger. Lingokids and Ravensburger will develop merchandising and new offline games and toys to complement Lingokids’ online activities.
The company’s partners include Save the Children, UNICEF, UNHCR and the American Red Cross. The company has been approached several times by companies wanting to license or buy trademarks, but Viedma said it intends to invest in its games and learning brands.
“The company’s long-term vision is to build this iconic brand for early childhood education,” he said. “Some experiences are multiplayer, as we think learning can be a social experience.”
Conclusion
Lingokids, an early learning platform provider based in Madrid, Spain, raised $40 million in funding. An undisclosed investor led Series C, with participation from GP Bullhound and existing investors HV Capital and Ravensburger, among others. The business plans to use the funds to continue its international expansion, developing it in attractive new ways […] Lingokids publication raises $40 million in funding appeared first on FinSME.