LocoMotive Labs Raises $4 Million In Series A Funding

By Noah Long ● Feb 24, 2015

LocoMotive Labs is a company that works on assistive and play-based educational apps for kids. The company has raised $4 million in Series A funding co-led by Softbank Ventures Korea and TAL Education Group.

Other investors that participated in this round include K9 Ventures, Kapor Capital, NewSchools Venture Fund, Joe Gleberman, D3Jubilee,, and Jerry Colonna. LocoMotive Labs has raised a total of $5.15 million to date.

“Our mission is to remove the obstacles that frustrate young learners and empower all children to develop the confidence and mathematics skills to be successful both inside and outside the classroom,” said LocoMotive Labs co-founder Sooinn Lee in a statement. “We’re excited to have the continued opportunity to expand our reach to even more families and educators, both at home and around the world.”

LocoMotive Labs will be using the funding to expand its consumer presence in Asia and tap into the deep connections of its lead investors. And LocoMotive Labs will increase its presence in the US education market. LocoMotive Labs’ Todo Math app and teacher dashboard are currently being piloted in more than 1,000 elementary classrooms with 25,000 in Pre-K to 2nd grade across the US and around the world.

“Parents and educators in Asia, the US, and around the world are increasingly looking for tools and technologies that can make learning math fun instead of frustrating,” said Softbank Ventures Korea Principal Jason Wi. “We believe LocoMotive Labs’ deep understanding in gaming and interface design is second to none and will make an unprecedented impact on how children learn math.”