Monkimun, a San Francisco, California-and Madrid, Spain-based provider of a pre K adaptive language learning platform, raised $1m in funding.
Backers included 500 Startups, Incuvest, SHO-zemi Innovation Ventures, Lanzame Capital and angel investors Ian Noel, Iñaki Arrola and Carina Szpilka – ex-CEO of ING direct Bank France / Spain.
The company intends to use the funds to expand its adaptive learning platform and apps portfolio and grow abroad.
Led by Cristobal Viedma, CEO and cofounder, Monkimun is an educational technology company that aims to make language learning for toddlers and kids fun via its technology thay targets children ages two-to-six, during the time when their brains are at their most flexible stage and cognitively suited to learning languages.
Currently more than 20,000 kids across the world are learning languages with Monkimun on a daily basis.
The company, which participated in 500 Startups’ accelerator program (batch 10) last year, now offers five apps in English, Spanish and Chinese. It will soon release a subscription platform that integrates all lessons and content to offer a single destination for parents looking to raise multilingual kids.