TabTale Raises $12M in Funding
TabTale, a Tel Aviv, Israel-based maker of apps for children, raised $12m in funding.
The round was co-led by Qualcomm Ventures and return backer Magma Venture Partners, with participation from Vintage Investment Ventures and other private investors.
The company intends to use the capital for acquiring gaming companies and personnel hiring.
Led by Sagi Schliesser, founder and CEO, TabTale develops interactive books, games, and educational apps for children. It currently has a library of over 240 apps. The company, which acquired app developer Kids Games Club in January 2013, is considering further acquisitions that complement its organic growth.
It has a global team of developers and creatives in Macedonia, Ukraine, Bulgaria and India.