VC firms Reach Capital and Kindred Venture Capital have backed London-based Mrs Wordsmith, an illustrated and animated vocabulary programme, in an $11m series-A funding round.
High-net-worth individuals and family offices are hunting for yield, concerned about low interest rates and market volatility
Fund expects to hit its target in the first quarter of 2020 and has already made six investments
Soprome and BTC Capital also back the takeover of the security services company
Perlego offers access to online textbooks for a subscription fee of £12 per month