Kids TV and learning app completes “multi-million” round led by Sandbox Partners
Hopster deal follows Davina McCall and Tony Orsten’s seven figure seed investment last year
Hopster, a start-up which offers a library of U-rated on-demand shows, has today announced that it has closed a “multi-million” investment round led by media investor Sandbox Partners Private Limited.
The funding, which is said to support its “ambitious growth plans for the new year”, comes just months after the one year-old tech company secured a seven figure investment from a group of high-profile investors including TV presenter Davina McCall, Tony Orsten and Bhav Singh; founder and CEO of Sandbox.
An interactive TV and learning app for preschoolers aged two to six, Hopster claims to have already secured over 200,000 downloads and was granted the App Store’s ‘Best of 2014’ award.
It intends to use this latest funding, the exact amount unknown, to invest in new product features, acquire more premium content, and to expand outside of the UK and Ireland.
The investment will also support its recruitment drive to add to its team in the UK.
Hopster founder, Nick Walters, commented: “We had an amazing first year – and it’s great that Sandbox have recognised the huge potential of this space. With their investment on board, we’ll be able to offer more than ever before for families.
“Our expansion to Ireland has beaten our expectations; now we want to increase the pace and deliver an unprecedented experience to families all around the globe.”
Sandbox’s Singh added:
“Having […] been involved in Hopster from the very start, watching its progression and how he brought a strong team together, it was a no brainer for us, being focused on playing at the intersection of media and learning, that we would start our journey by backing Hopster.”