Lingokids raises $7.3mn funding from HV Holtzbrinck Ventures, others
English learning platform Lingokids Tuesday said it has raised USD 7.3 million (about Rs 53.5 crore) in a funding led by HV Holtzbrinck Ventures.
The funding round also saw participation from existing investors JME Venture Capital, Sabadell Ventures, Big Sur Ventures and Gwynne Shotwell, President and COO of SpaceX.
Lingokids founder and CEO Cristobal Viedma said Silicon Valley ed-tech investor Reach Capital, Athos Capital, and All Iron Ventures, were also part of the funding round.
The fund raise will go towards accelerating growth, hiring new talent, and developing features to promote personalised learning and parental involvement, Viedma told PTI.
"The funding will allow us to increase our content offering which we will keep to a global content strategy as we have been so far. At the same time, we will work on localising the app to fit the language needs for parents to navigate in Hindi, for example," he added.
The company has also received a USD 1.3 million grant from the EU's ...