EdTech application IntellectoKids receives Series A funding

December 17, 2020

Allrise Capital Leads $3M Series A Investment in EdTech application Intellectokids

EdTech application Intellectokids

Southern California-based investment manager Allrise Capital, announced that it led a $3.1 million Series A financing for IntellectoKids.

IntellectoKids is a rapidly growing provider of online education solutions for children up to 7 years of age. The platform consists of four different EdTech applications that help educate children through gamified experiences on subjects necessary for early schooling. IntellectoKids boasts over 2 million installs and has been consistently ranked within the top 10 grossing apps in the Kids 5 & Under category in both the United States and Canada, according to Sensor Tower.

The Series A financing builds on a very positive year for IntellectoKids, which saw rapid growth in installed user base and strong market momentum in the white-hot area of online education for children. The UK-based EdTech firm plans to use the financing to expand into new geographies outside of the United StatesEurope, and grow its Android userbase.

Allrise Capital invests in early-stage technology startups that redefine or create large, new markets and believes IntellectoKids offers a premier solution for the underserved portion of the $70 billion growing EdTech market. Allrise Capital CEO, Ruslan Zinurov, will join IntellectoKids’ Board of Directors.

“ We are very excited to work with IntellectoKids and we strongly believe in their uniquely comprehensive application ecosystem…The EdTech space within IntellectoKids’ age demographic is expanding tremendously…” Ruslan Zinurov, CEO, Allrise Capital

You can learn more about Intellectokids and their EdTech applications here: https://intellectokids.com/

You can read more about EdTech here: https://www.global-edtech.com/edtech-definitions-products-and-trends/