Nextalia announces that it has completed the sixth investment of the Nextalia Ventures fund, the second in the United States, with participation in the $120 million funding round in Monkimun, the interactive learning platform for children aged 2 to 8.
Lingokids is the most downloaded interactive app for children on iOS and Android, enjoyed by over 185 million families worldwide. The platform offers a game-based learning experience thanks to proprietary educational content and exclusive partnerships with brands such as Pocoyo and Blippi. Lingokids’ mission is to combine entertainment and education, collaborating with entities such as NASA to create lessons about space, Stanford Scientists for nutritional insights, and the World Literacy Foundation to teach children the fundamentals of reading and spelling.
The $120 million funding round, backed by existing and new investors, including Nextalia Ventures, will support Lingokids’ continued growth, enabling it to evolve from a single IP app to a multi-IP platform capable of delivering personalised, diverse and high-quality educational content in a safe digital environment for children and families around the world. This investment confirms the market’s confidence in Lingokids’ leadership position and innovation strategy and reflects Nextalia Ventures’ commitment to supporting transformative global companies at the intersection of education, technology and entertainment.
Francesco Canzonieri, CEO of Nextalia, commented in a statement: “Lingokids represents the model of scalable software platform we want to invest in, as it leverages artificial intelligence and high-quality content to redefine children’s education on a global scale. With our investment, we are committed to supporting its continued growth and international expansion.”
Cristóbal Viedma, CEO and founder of Lingokids, says: “Lingokids is redefining the way children learn by giving families the freedom to access high-quality education through a dynamic, multi-IP platform that evolves with each child. With the support of Nextalia and our investors in this round, we are able to expand our target audience and reach more children and families around the world.” (photo by Jelleke Vanooteghem on Unsplash)
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