Yoto, a London, UK-based provider of an audio platform for kids, raised $17m in Series A funding.
The round was led by Acton Capital with participation from JamJar Investments, Global Founders Capital, Emerge Education, as well as MPL Ventures.
The company intends to use the funds to continue to grow across Europe and North America.
Co-founded by Ben Drury and Filip Denker, Yoto is an audio platform that introduces children to a world of stories, music, educational activities, sound effects, podcasts and radio.
In 2020, the company launched the 2nd generation Yoto Player, which, inspired by Montessori principles, is designed to give children control over their listening with access to entertaining audio. Yoto Player is controlled using physical cards that are inserted into the Player which then play the audio content.
After the first-generation Yoto Player sold out in August 2019, the founders raised funds to develop the new Yoto Player with design agency Pentagram. The platform features original content alongside audio licensed and co-created with partners including LEGO, Disney/Pixar, PRH, Macmillan, Sony, Roald Dahl Story Company, Harper Collins, Hachette, Bonnier and Scholastic.
Yoto also offers music, audio-based activities, podcasts, radio and sound effects.