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Edtech Startup Lingokids Lands $10 Million In Funding To Alleviate COVID-19’s Impact On Education

Oct 08, 2020•almost 5 years ago

Amount Raised

$10 Million

Miami

Description

Lingokids, an early learning skills platform that seeks to equalize the early learning landscape with its playlearning™ approach, has disclosed $10 million in new funding. The round is led by Ravensburger Group, an international toy company and games publisher and specialist in educational kids games, as part of its digital investment strategy. Lingokids will use the financing to broaden its global product offering, with the companies’ goal to work to mitigate COVID-19’s impact on education.

Company Information

Company

Lingokids

Location

Miami, Florida, United States

About

Lingokids is the playlearning™ app for children between 2 and 8 years old. More than 20 million families already use the platform. Lingokids’ mission is to help parents raise amazing kids and break down educational barriers to create equal opportunities for all kids. The company collaborates with NGOs and foundations around the world, such as Save the Children in the US, UNICEF, UNHCR and Red Cross, Pies Descalzos in Colombia (founded by Shakira), and the Queen Rania Foundation in Jordan. Lingokids also collaborates with companies like T-Mobile, Amazon Prime Video, Spotify, Oxford University Press, Vodafone or Iberia. Lingokids has been featured as one of the best learning apps in media like Vogue, The Hechinger Report, and The Orlando Sentinel. During the COVID-19 pandemic, Lingokids donated over 30,000 app licenses to schools and NGOs. It was also chosen as one of the Top20StartUps by LinkedIn. The company has raised $23 million in funds to date from HV Holtzbrinck Ventures, JME Ventures, Ravensburger, All Iron Ventures, 500 Startups, Athos, Sabadell Ventures, BigSur, Reach Capital, K-Fund's founding partners, SHO-zemi, Incuvest, and business angels like Gwynne Shotwell, President and COO of SpaceX. http://lingokids.com/

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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