VCs want your kids to hit the books, preferably through a startup in their portfolio.
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Bloomberg reported yesterday that Softbank is seeking to invest up to $500 million in , an education-focused startup based in China, just months Series D. And while that news is impressive, and borderline ridiculous, another education startup has scored some funding. , a child-focused English language education platform based in Madrid, Spain, announced today it has picked up a more modest $6 million of its own.
The Series A round was led by Other investors including , , and invested in the round. The company, which was founded in 2014, has raised a known total of $11.2 million in venture funding, according to .
Lingokids is a language learning app that produces educational content through kid friendly exercises and games. Over 7 million families are registered on the platform in over 180 different countries, according to TechCrunch���s . The company plans to grow its team and increase its family friendly learning features on the app.
While it is not a significant sum of cash compared to Zuoyebang, the investment does speak to an interest in early-stage education and language acquisition.
For parents, there���s never been more VC subsidized options to make your kid smarter.
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