Launched in 2016, Lingokids is the playlearning™ app for children between 2 and 8 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% 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 USD65m to date, reaching a positive EBITDA in 2020.
Cristóbal Viedma, CEO and Founder of Lingokids, said: “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, added: “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, Sesamy, Vivino, Elias, DuckDuckGo and MariaDB.
For enquiries, please contact Carlos de la Esperanza, Associate, at email@example.com
About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999 in London and Menlo Park, the firm today has 10 offices spanning Europe, the US and Asia. For more information, please visit www.gpbullhound.com