Lingokids, a Madrid-based early learning platform, announced $40 million in funding, bringing its total funding to date to $65 million. The Series C was led by an undisclosed investor, with participation from GP Bullhound and existing investors HV Capital and Ravensburger, among others.
Launched in 2016, Lingokids targets families with children between 2 and 8 years old, helping them expand their children’s vocabulary, improve their literacy and STEM skills, as well as social and emotional skills.
Parents can access to their child’s progress with weekly reports, curriculum overviews, and activity timeline through a parents portal, as well as advice and tips for parents’ everyday lives through the company’s Parents Community.
In addition, the company will continue to create more educational content, focusing on the development of activities related to STEM, and the learning of skills that many kids missed out on during the 2020/2021 school year like emotional intelligence, empathy and critical thinking.
Lingokids will also develop new audio content, focusing on topics related to mental health, mindfulness and meditation, according to its statement. The company said it also plans to hire an additional 60 people around the world this year, adding to its team of close to 100.