IntellectoKids, a London, UK-based provider of online education solutions for children up to 7 years of age, raised $3.1m in Series A financing.
The round was led by Allrise Capital. In conjunction with the funding, Allrise Capital CEO, Ruslan Zinurov, will join IntellectoKids’ Board of Directors.
The company intends to use the funds to expand into new geographies outside of the United States, Europe, and grow its Android userbase.
IntellectoKids provides a platform that consists of four different applications that help educate children through gamified experiences on subjects necessary for early schooling. The company boasts over 2 million installs and has been consistently ranked within the top 10 grossing apps in the Kids 5 & Under category in both the United States and Canada, according to Sensor Tower.