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This Edutainment Platform Backed By London Vc Just Raised $40M To Transform Early Education Market In The Uk
This Edutainment Platform Backed By London Vc Just Raised $40M To Transform Early Education Market In The Uk
06/17/21, 7:10 PM
Location
london
Money raised
$40 million
Poised to transform the early education market, Madrid-based Lingokids has announced $40M (€33.3M) in Series C funding. The Series C was led by an undisclosed investor, with participation from London-based VC GP Bullhound and existing investors HV Capital and game and toy company Ravensburger, among others.
Company Info
Location
london, ontario, canada
Additional Info
THIS will use the funds to grow its business, expand its R&D, help bring its new products to the market and set up distributions points across the UK. We think the company is well on its way to being a category leader in the UK and beyond, and we’re delighted to back THIS’s stellar team and support their expansion into new products and new markets.”Fastest-growing food brandTHIS was founded in 2019 by Andy Shovel and Pete Sharman to create a plant-based meat brand for meat eaters. THIS, a hyper-realistic plant-based meat brand headquartered in London is one of the fastest-growing foodtech businesses. Eyes to expand R&DNotably, this is the largest Series A funding secured by any plant-based meat brand in the UK. ”Daina Spedding, investor at BGF, says: “THIS is a highly innovative business that is rapidly scaling in a very exciting new food category in the UK. Plant-based meat alternatives are increasingly empowering consumers with more choices in their diet and environmental impact – and THIS is at the forefront of this with leading technology, distribution and products.
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