Lingokids, an edtech startup that focuses on the idea of learning through playing, has raised $40M (nearly €33.3M) in Series C funding. An undisclosed investor along with London-based VC GP Bullhound and existing investors HV Capital and game and toy company Ravensburger took part in the funding round.
With the raised capital, the edtech startup plans to increase its presence in other countries and further develop new and engaging forms of content for kids. Besides that, Lingokids will also spend the capital in global hiring for the engineering and development teams. To date, Lingokids has raised $65M (approx €54.1M) reaching EBITDA positive in 2020.