Total amount raised
$62.4 Millions
Latest funding date
06/01/2021
Location
Lingokids has successfully raised funds through multiple rounds, including a Series C round that closed on June 15, 2021. The company has attracted 23 investors, including notable names like HV Capital and Ravensburger.
Lingokids offers a Playlearning™ app designed to make learning fun and interactive for children, featuring over 2,000 activities. Keep reading to explore the intricacies of Lingokids' fundraising journey and the investors backing this innovative platform.
What Is Lingokids?
Lingokids, founded in 2014 by Cristobal Viedma and Marieta Viedma, is headquartered in Madrid, Spain. The company operates in various industries, including children, digital media, education, family, language learning, parenting, and training.
With an employee count ranging from 101 to 250, Lingokids has developed a playlearning™ app designed for children aged 2-8. The app aims to foster creativity, collaboration, critical thinking, and communication through interactive games and activities. It has reached over 10 million families globally and offers more than 600 games and activities that parents and children can enjoy together.
How Much Funding Has Lingokids Raised?
- Seed Round
- Amount Raised: $100K
- Date: October 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of the Lingokids platform.
- Seed Round
- Amount Raised: $1M
- Date: March 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the app and expand initial user base.
- Seed Round
- Amount Raised: $4M
- Date: June 2017
- Lead Investors: HV Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and enhance content offerings.
- Series A
- Amount Raised: $6M
- Date: October 2018
- Lead Investors: HV Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate growth.
- Grant
- Amount Raised: $1.3M
- Date: October 2018
- Lead Investors: Horizon 2020
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support research and development initiatives.
- Series B
- Amount Raised: $10M
- Date: October 2020
- Lead Investors: Ravensburger
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance the app's features and expand market reach.
- Series C
- Amount Raised: $40M
- Date: June 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support international expansion and new content development.
Total Amount Raised: $62.4M. Current Valuation: Not publicly disclosed.
Key Investors
- HV Capital
- Details: HV Capital is a venture capital firm that invests in internet and technology companies. They have been involved in multiple funding rounds for Lingokids, including the Series A and Series C rounds.
- Investment Focus Areas: Internet, technology, early and growth-stage investments.
- Notable Investments: Zalando, Delivery Hero, FlixBus.
- Ravensburger
- Details: Ravensburger is a German game and toy company known for its puzzles, board games, and children's books. They have participated in the Series B and Series C funding rounds for Lingokids.
- Investment Focus Areas: Games, toys, educational content for children.
- Notable Investments: Known for its own product lines in toys and puzzles.
- GP Bullhound
- Details: GP Bullhound is a technology advisory and investment firm that provides transaction advice and capital to entrepreneurs and founders. They participated in the Series C funding round for Lingokids.
- Investment Focus Areas: Technology companies, software, digital services, digital media.
- Notable Investments: Slack, Spotify, Revolut.
- Horizon 2020
- Details: Horizon 2020 is a European Union research and innovation program. They provided a grant to Lingokids in October 2018.
- Investment Focus Areas: Research, innovation, technology development.
- Notable Investments: Not publicly disclosed.
- Undisclosed Investor
- Details: The lead investor for the Series C funding round has not been disclosed. They played a significant role in securing $40M for Lingokids.
- Investment Focus Areas: Not specified.
- Notable Investments: Not specified.
What's Next for Lingokids?
Lingokids is poised for significant growth, with opportunities for international expansion and the development of new, engaging content for children. The company plans to enhance its platform with STEM and mental health content, while also exploring offline merchandising and new games in partnership with Ravensburger. These initiatives are backed by a recent $40 million funding round, indicating strong financial support for their ambitious plans.
Future fundraising opportunities seem promising as Lingokids continues to grow and expand its market reach. The company may attract additional investments to support its development and international expansion. However, challenges such as competition from other educational apps, adapting to different educational standards, and ensuring data privacy and security for young users could pose hurdles along the way.
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