Allrise Capital Leads $3M Series A Investment in EdTech application Intellectokids
Southern California-based investment manager Allrise Capital, announced that it led a $3.1 million Series A financing for IntellectoKids.
IntellectoKids is a rapidly growing provider of online education solutions for children up to 7 years of age. The platform consists of four different EdTech applications that help educate children through gamified experiences on subjects necessary for early schooling. IntellectoKids boasts over 2 million installs and has been consistently ranked within the top 10 grossing apps in the Kids 5 & Under category in both the United States and Canada, according to Sensor Tower.
The Series A financing builds on a very positive year for IntellectoKids, which saw rapid growth in installed user base and strong market momentum in the white-hot area of online education for children. The UK-based EdTech firm plans to use the financing to expand into new geographies outside of the United States, Europe, and grow its Android userbase.
Allrise Capital invests in early-stage technology startups that redefine or create large, new markets and believes IntellectoKids offers a premier solution for the underserved portion of the $70 billion growing EdTech market. Allrise Capital CEO, Ruslan Zinurov, will join IntellectoKids’ Board of Directors.
IntellectoKids is a media, entertainment & education platform for parents and their kids ages up to 7 years old. We strive to create a lifestyle for parents aiming to provide high quality digital products for various daily parenting activities which entertain and develop young kids in a safe and controlled digital environment. Let your kids get ahead in their development and have some quality time to yourself. Being a parent is a hard job and we are there to help!” IntellectoKids Website
“ We are very excited to work with IntellectoKids and we strongly believe in their uniquely comprehensive application ecosystem…The EdTech space within IntellectoKids’ age demographic is expanding tremendously…” Ruslan Zinurov, CEO, Allrise Capital