Magikbee - reimagining kids’ learning and screen time

by Startacus Admin

Portugal-based EdTech startup Magikbee, who are on a mission to reimagine kids’ learning by using the childs own world to teach in a fun and engaging way, secures a further $250,000 round of funding, that will help the company to continue to develop its edtech portfolio.

Aiming to reimagine screen time by creating an ecosystem that promotes active fun and learning, over the past two years, the award-winning company has introduced a number of innovative technologies in the education segment, including Magik Play, aset of interactive building blocks that synch with the iPad, and a video streaming app for preschoolers called kiddZtube.

In addition, building on the same technology found in Magik Play, the company recently launched Magik Book - a paper catalogue that links to a tablet, with digital content synchronised to each page.

Magikbee has earned several international recognitions including as a finalist of the Silicon Valley World Cup Tech Challenge in the AR/VR category, finalist of the Prémio Nacional Industrias Criativas and a STEM award from Purdue University in the US.

The funds raised will now be used to roll out an SaaS platform for Magik Book, aimed at small businesses looking to use this technology as a marketing tool. At the same
time, the company intends to further expand the content and customer features of its video app, kiddZtube.

The latest round values the company at $3.3 million and is funded by Portuguese angel investor Ideias Glaciares, which also led the first round, Bluemind Investments and a private investor, James Fitzgerald, Global Vice-President of Silicon Valley-based cloud services company ServiceNow.

James, who will join Magikbee’s Board, successfully led ServiceNow’s expansion in Asia and has years of international experience across the globe that will be critical to Magikbee’s growth.

“We are delighted to have investors that share our vision and our passion. This round represents an important milestone in the company’s strategy, allowing us to expand the team, strengthen the product offering and test the market with some new products,” explains Hugo Ribeiro, Magikbee CEO.

If you like the sound of this edtech startup you might want to read up on: 

• Spotify for textbooks Perlego raises $4.8m

• Mrs Wordsmith - The EdTech startup for kids that's making learning new words a doddle

• Toppa wants to be the Netflix of bitesize learning

 

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• #funding
• #portugal

Published on: 17th September 2018