Azoomee, a technology startup behind educational apps for kids, has secured a £200,000 funding package from HSBC. The London-based company will use the funding to support the growth of its learning platform.
Azoomee describes itself as a safe app for primary-aged children where they can watch, play, listen and get creative in one secure place. Established in 2014 by Douglas and Estelle Lloyd, Azoomee is aiming to build the world’s largest library of games, videos and educational activities based on topical, current skills – such as creativity, online safety and problem solving.
Douglas Lloyd, CEO, said:
“We have three young children, so we know first-hand how difficult and time consuming it can be to find high quality kids’ content that is both fun and educational. Thanks to the funding package from HSBC UK, we can now focus on growing Azoomee with the aim of becoming a household name, not just for children in Europe, but all over the world.”
Jeff Richards, area director of North London Business Banking at HSBC UK, added:
“We are proud to support this innovative start-up that continues to go from strength-to-strength. With a recent Chief Medical Officer report highlighting the need for reduced screen time among children, it couldn’t be more timely for Azoomee to invest further in its learning platform.
“Azoomee has identified a unique method that ensures children can not only learn but develop skills which will enable them to be both tech-savvy and safe in years to come.”
The funding will be invested into growing markets such as the USA, Canada and South Africa, as well as supporting further product development and diversification for the mobile app. It will also help Azoomee to grow its 16-strong team in order to support its expected growth.