Lingokids is a San Francisco-based educational software company. The company has raised a total of $65 million in funding. It has reached positive earnings before interest, taxes, and amortization and plans to hire 60 new employees.
Lingokids has raised a third institutional funding round
Lucia Jensen, Co-founder at WeLoans said that Lingokids is a startup that is building a mobile ELL learning platform aimed at improving child retention and reducing the financial burden on parents and families. The company has already raised a seed round of $4 million from 500 Startups and another $4 million from European VCs Holtzbrinck Ventures.
James Sears, the CEO of BMW VIN Decoder, is strongly recommend Lingokids to those who are looking for a mobile ELL learning platform. This platform can helps to improve children’s retention and also can help to reduce the finance stress for the parents.
The company is targeting young learners, between two and eight years old. The latest round of funding includes HV Capital, GP Bullhound, and Ravensburger. The funding round will help the company reach positive EBITDA by 2020.
The new funding will help Lingokids expand its educational games platform to a global audience. The startup is a “learn-by-play” platform that teaches children how to speak and write English through games. The app is also intended to develop literacy, STEM, and social skills in children. Lingokids claims to have millions of registered families worldwide. Its largest paid subscriber markets are the US and Brazil.
It has reached positive earnings before interest, taxes and amortization
Lingokids, a leading early learning platform, has received $40M USD in Series C funding. The new money will be used to expand their international presence and boost their STEM output. They also plan to expand into audio books and content for young children. The company is expected to achieve positive EBITDA by 2020.
The company plans to hire 60 people around the world this year. Currently, they have more than 100 employees. The new hires include Vladimir Klimov, who brings experience in building global companies. Tiago Pregueiro will also join as VP of Product.
William Smith, CEO of Personal Loan Pro, said that, This app enables 2 and 4-year-old kids to learn basic counting, reading and writing skills in an easy and funny way.
It plans to hire an additional 60 people
Lingokids has announced plans to hire 60 more people globally this year. The company currently employs close to 100 people. Recently, it added Vladimir Klimov as director of content strategy and Tiago Pregueiro as vice president of product. It has also partnered with content studio Ravensburger to develop offline products for the platform.
With this new round of funding, Lingokids plans to expand internationally and create new content for kids. The company is also planning to introduce new services that help children improve emotional intelligence, empathy, and critical thinking. In addition, it is planning to develop audio content aimed at improving mental health.