We are happy to announce the closing of an additional financial round of 1.2M. Leading this round is Lool Ventures, which is backed by media giants Burda and Bertelsmann. Also included in this round are angel investors including Dov Moran, Aryeh Mergi, and others.
Since the launch of our mobile platform nearly a year ago, the KIDO’Z app has been installed on over 1.5 million devices, both as a full operating system on kids’ devices and as a “kid mode” on tablets in general. We have observed extraordinary levels of engagement and usage, with kids spending hundreds of minutes a month using KIDO’Z as their launcher for apps, games and videos, interacting with content that is guaranteed fun, safe, entertaining and appropriate.
In the past year, KIDO’Z has partnered with over 25 tablet manufacturers. We enabled them to provide their customers with a family-friendly line of products powered with the KIDO’Z platform and parental controls. We saw company revenues grow by a staggering 700%.
The money raised from this financial round will be used to accelerate content partnerships and development for our new premium services to be launched later this year, as well as to expand the company’s team both on the product and business sides.
“With kids’ tablets becoming the hottest trend in consumer electronics, particularly for kids, we are gearing up to provide the platform of choice for families,“ says KIDO’Z founder and CEO, Gai Havkin.
“We are living at a time when tablets have become our kids’ main toy. This has affected the way they play, learn and are entertained.” Havkin continues, “We are happy to see that KIDO’Z is becoming the STANDARD for this new reality, both for kids and for parents. And towards this end, Lool Ventures not only brings us the resources but also validates our vision that KIDO’Z should be on each and every device.”
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