US education startup Tales2Go bags $750K seed funding for audiobook app
Tales2Go has raised $750,000 in seed funding to help improve the listening and speaking skills of children. The round was led by NewSchools Venture Fund and Maryland Venture Fund, according to The Wall Street Journal (WSJ).
Based on a research by Betty Hart and Todd R. Risley, a child's overall development can be affected by the number of words that he hears in his early years. The research also found out that kids living in poverty hear less than a third of those heard by kids in higher-income families. To help address that word gap, the Tales2Go app was developed, the report explained.
The Bethesda, Maryland-based startup sells an audiobook app similar to Netflix that allows children to listen to stories either online or offline via any mobile device. the said service is sold as a yearly subscription to schools, childhood programs, special communities, and individual families, the report detailed.
The said app can collect and report data on students anonymously. This helps schools measure the progress of their student privately, the report said.
The education startup will use the new funding to beef up its sales and marketing campaigns. The company will also hire more engineering and design staff, and continue to team-up with top content providers for its audiobook app, WSJ reported.