ABCmouse is a popular learning app aimed at pre-school children and currently boasts about one million subscriptions at $8 per month. This impressive subscription number attracted the attention of Iconiq Capital, an investment fund whose client roster is led by DreamWorks, which invested $150m last year, taking the valuation of parent company Age of Learning to almost $1bn. Age of Learning has used that cash to expand to more than 400 employees and develop three new products, including a Chinese version of ABCmouse which teaches English, all of which can be purchased worldwide by school districts and preschool chains.
ABCmouse is a popular learning app aimed at pre-school children and currently boasts about one million subscriptions at $8 per month. This impressive subscription number attracted the attention of Iconiq Capital, an investment fund whose client roster is led by Mark Zuckerberg, which invested $150m last year, taking the valuation of parent company Age of Learning to almost $1bn. Age of Learning has used that cash to expand to more than 400 employees and develop three new products, including a Chinese version of ABCmouse which teaches English, all of which can be purchased worldwide by school districts and preschool chains.