GP Bullhound invests Lingokids as part of USD40m funding round
GP Bullhound has made a new investment in Lingokids, an educational platform for children, as part of a Series C funding round of USD40 million led by an undisclosed investor, with participation from existing investors HV Capital, and Ravensburger among others.
Launched in 2016, Lingokids is the playlearning app for children between two and eight years old, helping more than 30 million families to expand their children’s vocabulary, improve their literacy skills, and develop important social and emotional skills in a fun, 100 per cent safe, ad-free environment.
Lingokids is dedicated to supporting parents in their child’s learning journey, giving them a parents portal featuring each child’s progress with weekly reports, curriculum overviews, activity timeline, as well as advice and tips for parents’ everyday lives through its Parents Community.
The funding will be used for further international expansion, development of new and engaging forms of content for kids, as well as global hiring, especially for the platform engineering and development teams. Lingokids has raised USD65 million to date, reaching a positive EBITDA in 2020.
Cristóbal Viedma, CEO and Founder of Lingokids, says: “High quality, education options that parents can trust are more important than ever. With these new funds and support from GP Bullhound and all of 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."
Per Roman, Co-Founder and Managing Partner at GP Bullhound, adds: "The pandemic has accelerated the digitalisation of education and we are seeing a huge momentum in the edtech sector. With this new investment we are proud to support Cristóbal Viedma and the great team at Lingokids on their mission to break down educational barriers and create equal opportunities for children across the globe."
GP Bullhound invested through Fund V, following other recent investments including Glovo, Wallapop, Discord, Vivino, Elias, DuckDuckGo and MariaDB.