Lingokids, a Madrid, Spain-based English learning platform for preschool and elementary school children, raised $7.3m in funding.
New investors Reach Capital, Athos Capital and All Iron Ventures joined existing backers HV Holtzbrinck Ventures, JME Venture Capital, Sabadell Ventures, Big Sur Ventures, as well as Gwynne Shotwell, President and COO of SpaceX. Lingokids also received an EU grant of USD 1.3m from EU Horizon 2020 Program.
The company intends to use the funds to further accelerate growth, hire new employees and add new features to increase user involvement and engagement.
Founded in 2016 by Cristobal Viedma, CEO, Lingokids provides an English language learning platform for children in the Preschool and elementary school age. With the subscription-based language learning app, children aged 2 / 8 learn English through various activities, games and songs. The difficulty level adjusts based on the learning speed of the user.
The platform today has more than seven million registered families in over 180 countries.