Providing Language Learning for Children, Playvation Lands €700k in Seed Round
By Rachel Ren
20:22:00, Jun. 15, 2020
Helsinki-based children’s language learning provider, Playvation, has landed €700k funding in a seed round led by Sparkmind.vc.
Helsinki-based children’s language learning provider, Playvation, has landed €700k funding in a seed round led by Sparkmind.vc. The company has now raised a total of €1.5m since the business launched in 2015.
This investment is the fourth from Sparkmind.vc’s €40m learning-focused venture capital fund and is the second targeting early childhood education.
The capital injection will be focused on rapidly scaling the international growth of Moomin Language School, Playvation’s core product. The investment will also fund key hires to strengthen the global sales and marketing team.
Moomin Language School provides story-based digital language learning content for children aged between three and ten years. Its educational approach also includes weekly group sessions that emphasize playful social interaction and learner engagement.
The service also offers extensive learning material and data or reporting tools to help educators and parents monitor progress and learning plan.
The Moomin Language School already supports language learning in 27 international markets and has over 20k active users. Playvation has already signed nine regional distribution deals with partners, with more currently in the pipeline.