PixyKids, a Menlo Park, Calif.-based interactive and immersive social media platform for kids 6-12, has raised $3m in financing.
The round was led by ATA Ventures, which injected $2m, with participation from other angel investors, which committed $1m.
Co-Founded by CEO Rajul Kadakia, Kalpesh Savla, and Altaf Shaikh, PixyKids offers a social platform where kids can create content such as photos, videos, artwork, and projects, customize and share them with friends and family online, learn, and have fun through their personalized digital space.
The site, which is compliant with COPPA, the Children’s Online Privacy Protection Act, also features customizable 3D avatars and backgrounds, a community wall, text and video chat, email, and a personal URL.
In addition, the company appointed industry experts:
– Michael Adair, Chief Operating Officer,
– Neil Markey, Vice President, Engineering, and
– Kristen Alexander, Vice President, Marketing.