Lingokids40m Series is an edtech startup offering a “playlearning platform” of educational games for children ages 2-8. SoftBank led the series C round.
The lingokids40m Series app was launched in 2013. It aims to make learning English enjoyable and fun for children by using songs, stories and games. You can download the app for free, but you will need to pay for premium features such as unlimited playtime and a monthly or annual subscription.
Lingokids has just announced its latest capital injection. It said it will continue investing in content and technology, as well as expanding its international footprint. The startup has more than 10 million users across 190 countries. However, the majority of its users reside in Spain, where it is headquartered.
VentureBeat interview: Alex Salcedo, co-founder and CEO of the company, said that “We want to go everywhere English is being taught as a second tongue.”
Lingokids has a freemium model. Salcedo stated that the majority of its users (85%) are on the freemium tier. Salcedo stated that the company is profitable since 2017 and that it plans to reinvest its profits in the business to drive growth.
Lingokids raised $63 Million from investors such as SoftBank, GSV Ventures and Reach Capital. Owl Ventures and Accel Partners have also contributed. The startup’s latest round of funding has brought it to $300 million.
VentureBeat’s first article, Linokids raises $42 million for its ‘playlearning platform’ educational games platform, appeared first on VentureBeat.
lingokids40m Series is an edtech startup offering a “playlearning platform” of educational games for children ages 2-8. SoftBank led the series C round.
SoftBank led a $40 million Series C round of funding for lingokids 40m series, an edtech startup that focuses on “playlearning”. Lingokids was founded in 2013 and uses songs, stories, games, and other activities to make learning English enjoyable for children ages 2-8. You can download the app for free, but you will need to pay a monthly or annual subscription to access some premium features such as unlimited playtime.
Lingokids will continue to invest in technology and content with the new capital infusion. It also plans to expand its international reach. Although the company is used in more than 10 million children in 190 countries, most of its users reside in Spain, where it is headquartered.
The lingokids40m Series is a game-based language learning platform for children that teaches them through interactive games and fun. Takahashi Ventures led the series B round of financing, which included participation by previous investors such as Accel Partners, Reed Elsevier Ventures and 500 Startups.
The new funding will be used for international expansion and growth of the company. Lingokids has more than 10 million registered users and is available in 190 countries.
Linguistics 40m Series will use the funding to expand its international business and grow its staff. The company is currently available in 190 countries, and it has more than 10 million registered users.
Lingokids, founded by Susana Santoro and Jennifer Kennedy in 2013, was started by Susana Santoro. The company is located in Madrid, Spain.
