Madrid-based early learning platform Lingokids has raised $40 million in a Series C funding round led by an undisclosed investor (Shhh … it’s top secret), and saw participation from GP Bullhound as well as existing investors HV Capital, and puzzle (and other games and toys, but let's be honest, puzzles) maker Ravensburger, amongst other undisclosed investors. Lingokids is reporting that the funding will be used for further international expansion, new content verticals, and its relentless recruitment drive. To date, the firm has raised $65.5 million.
As included in our profile of Lingokids, the firm was launched in 2016, and focuses on being an education partner to parents of children aged 2 to 8.
"This is the next important step in our mission of helping parents and caretakers raise amazing kids and break down educational barriers to create equal opportunities for children across the world,” said Lingokids CEO and founder Cristóbal Viedma. “Quality, education options that parents can trust are more important than ever, and with these new funds and support from our strategic investors, Lingokids will be able to reach millions more families to help young children learn through the most impactful type of education there is at this age: play.”
Previous investors in Lingokids include HV Holtzbrinck Ventures, JME Ventures, All Iron Ventures, 500 Startups, Athos, Sabadell Ventures, BigSur, Reach Capital, K-Fund’s founding partners, SHO-zemi, Incuvest, and one rather notable angel investor, Gwynne Shotwell, President and COO of SpaceX.