Knowledge Adventure is a 3D virtual world made for the 3-to-10 year old demographic. Knowledge Adventure recently announced a $5 million round of Series B funding. The funding was led by Azure Capital and TeleSoft Partners. Knowledge Adventure plans on using the funding for hiring a team of people to develop and produce the 3D virtual world.
“Knowledge Adventure is making a very bold and exciting move into a market that has great potential for growth,” stated Arjun Gupta, founder and partner of TeleSoft Partners. “Kids’ software is currently about a hundred million dollar market which is poised to grow to a multi-billion dollar industry. Our investment in Knowledge Adventure is a clear indicator of the faith we have in the company’s ability to lead the pack in this growing environment.”
Knowledge Adventure hosts educational software through their virtual world. Knowledge Adventure’s educational software is called JumpStart and Math Blaster.
“JumpStart has a rich history as the leading brand in delivering learning games to kids over the last 20 years,” stated Knowledge Adventure president/ CEO David Lord. “By leveraging our trusted brand with parents to deliver a rich, safe and fun virtual world experience for kids 3 to 10, we see countless opportunity for the company to bring our unique adventure-based learning games to the explosive virtual world/online gaming market.”
“We are excited to have CTV join our board and the continued support of our investors to ensure that no parent gets left behind. The Series B investment will allow us to continue to produce world class educational content and to continue to build ground-breaking new resources, such as our SchoolFinder application,”stated Ron Fortune, CEO of Education.com.“Parents today, more than ever before, need access to an authoritative and timely resource to ensure their child gets the most out of her education.”
Education.com has announced today that they have raised $9.75 million from Azure Capital Partners, California Technology Ventures, and TeleSoft Partners. Education.com is an online educational resource for kids in preschool through high school. Education.com has 4,000 reference articles that range from health to politics to cooking to navigating parent-teacher conferences. Education.com has virtual neighborhoods where parents of similar interests can discuss challenges.
Education.com claims to have reached 10 million parents over the last year. Monthly pageviews have grown to about 4 million. Azure and TeleSoft Partners were also previous investors in Education.com.
“We looked at dozens of companies addressing the needs of parents online but found Education.com to be the only one with a truly cutting edge approach that was meeting the information and resource needs of parents online,” stated Dorothy Pavloff, Managing Director at California Technology Ventures. “The sophistication behind its use of analytics to assess what users are looking for on the site and delivering on that need is truly industry leading, and we’re pleased to support the company’s in its next stage of growth.”
