LocoMotive Labs, a Berkeley, CA-based developer of assistive and play-based educational apps for young learners, closed a $4m Series A financing.
The round was led by Softbank Ventures Korea and TAL Education Group, with participation from existing investors K9 Ventures, Kapor Capital, NewSchools Venture Fund, Joe Gleberman, D3Jubilee and Jerry Colonna.
The company, which has raised $5.15M to date, will use the funds to expand its consumer presence in Asia and in the US education market.
Led by Sooinn Lee, co-founder, LocoMotive Labs provides Todo Math, an app that offers a suite of multi-level math games with over 400 stages and 60 crafted Common Core State Standard-aligned missions that help K-2 graders practice math. The app uses the Universal Design for Learning (UDL) framework as the theoretical foundation for the development of the games, this allowing learners to practice basic math concepts.
Todo Math app and teacher dashboard is being piloted in more than 1,000 elementary classrooms, with 25,000 students in PreK to 2nd grade across the US and around the world.
FinSMEs
24/02/2015