Lingokids, a Madrid, Spain-based early learning skills platform, raised $10m in funding.
The round was led by Ravensburger Group, an international toy company and games publisher and specialist in educational kids games, as part of its digital investment strategy, with participation from existing investors HV Holtzbrinck Ventures, JME Ventures, All Iron Ventures, 500 Startups, Athos Capital and Sharpetown.
The company use the financing to broaden its global product offering and introduce new subscription levels to make the app more accessible worldwide.
Led by Cristóbal Viedma, CEO, and co-founder, Lingokids is an early learning skills platform that seeks to equalize the early learning landscape.
With the investment, the company will develop more innovative content and a more comprehensive curriculum, including 21st-century skills. The new multidisciplinary activities will address STEM skills from creativity, communication, collaboration, critical thinking, literacy, and life skills (such as global awareness and responsibility). Lingokids will continue penetrating the U.S. market and will enhance its presence in other key markets like Mexico and Brazil.
Lingokids and Ravensburger plan to jointly develop new games and learning experiences for children around the proprietary IP developed by Lingokids to make learning more effective.