Lingokids raises $40 million for ‘playlearning’ educational games platform

Lingokids has raised $40 million in funding for its educational games platform. And the company said it now reaches more than 30 million families worldwide with its mobile apps.

The company targets its “playlearning” app at children 2-8 as it tries to expand their vocabulary, improve their literacy skills, and develop important 21st-century skills in a fun, safe environment.