HV Holtzbrinck, JME Ventures in $10m round for Lingokids

The round was led by German game and toy company Ravensburger, with participation from several previous private backers.

Lingokids intends to use the fresh capital to scale up its team, accelerate its growth and develop new features to promote personalised learning and parental involvement in the learning process.

Previous funding
Following a $1m seed round raised by the company in 2015, JME Ventures, Sabadell, Big Sur and SpaceX president Gwynne Shotwell backed the business in a $5m seed round in June 2017.

Subsequently, HV led a $6m series-A funding round for Lingokids in 2018. Previous backers JME Ventures, Sabadell Ventures, Big Sur Ventures and SpaceX president Gwynne Shotwell also took part in the investment, alongside newcomers Reach Capital, Athos Capital and All Iron Ventures.

In addition to the capital raised in the round, the startup received a $1.3m grant from the EU's Horizon 2020 research and innovation programme.

Company
Founded in 2016 and based in Madrid, Lingokids is a digital English language learning platform for children aged two to eight. The startup uses gaming, entertainment, interactive content, songs and speech recognition features to personalise the children's learning experience while tracking their performance and adapting lesson difficulty dynamically.

Lingokids has around 7 million users in 180 countries worldwide and employs 40 staff.

People
HV Holtzbrinck Venture – Jasper Masemann (principal).
Lingokids – Cristobal Viedma (founder, CEO). 

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