Lingokids, a Madrid, Spain-based provider of an early learning platform, raised $40M USD in funding.
The Series C was led by an undisclosed investor, with participation from GP Bullhound and existing investors HV Capital and Ravensburger, among others.
The company intends to use the funds for further international expansion, development of new and engaging forms of content for kids, as well as global hiring, especially for the platform engineering and development teams.
Led by Cristóbal Viedma, CEO and founder, Lingokids provides a a playlearning app for children between 2 and 8 years old, enabling more than 30 million families to expand their children’s vocabulary, improve their literacy and STEM skills, and develop important social and emotional skills in an ad-free environment.
The company also provides parents with a portal featuring each child’s progress with weekly reports, curriculum overviews, activity timeline, as well as advice and tips for parents’ everyday lives through its Parents Community.