VCs want your kids to hit the books, preferably through a startup in their portfolio.
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Bloomberg reported yesterday that Softbank is seeking to invest up to $500 million in Zuoyebang, an education-focused startup based in China, just months after it raised a $350 million Series D. And while that news is impressive, and borderline ridiculous, another education startup has scored some funding. Lingokids, a child-focused English language education platform based in Madrid, Spain, announced today it has picked up a more modest $6 million of its own.
The Series A round was led by HV Holtzbrinck Ventures. Other investors including Sabadell Venture Capital, JME Venture Capital, Reach Capital and others invested in the round. The company, which was founded in 2014, has raised a known total of $11.2 million in venture funding, according to Crunchbase.
Lingokids is a language learning app that produces educational content through kid friendly exercises and games. Over 7 million families are registered on the platform in over 180 different countries, according to TechCrunch’s coverage of the round. The company plans to grow its team and increase its family friendly learning features on the app.
While it is not a significant sum of cash compared to Zuoyebang, the investment does speak to an interest in early-stage education and language acquisition.
For parents, there’s never been more VC subsidized options to make your kid smarter.