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KIDOZ Raises 1.2M to Expand Their Kid-Friendly Mobile Environment(October 11, 2013)
Tel Aviv, Israel (PRWEB) October 11, 2013
KIDOZ, developers of the popular kids OS for mobile devices and PCs, announced today the closing of a financial round of 1.2M. Leading this round is Lool Ventures, which is backed by media giants Burda and Bertelsmann. Participating with them are angel investors including Dov Moran, Aryeh Mergi, and others.
Since the launch of its mobile platform nearly a year ago, the KIDOZ app has been installed on over 1.5 million devices, both as a full operating system on kids devices as well as a kid mode on standard devices. KIDOZ has shown extraordinary levels of engagement and usage, with kids spending hundreds of minutes a month using KIDOZ as their launcher for apps, games and videos, interacting with content that is guaranteed fun, safe, entertaining and appropriate.
In the past year, KIDOZ has partnered with over 25 tablet manufacturers, enabling them to provide a family-friendly line of products powered with the KIDOZ platform and parental controls. Company revenues have grown by a staggering 700% as a result.
The money raised from this financial round will be used to accelerate content partnerships and development for the new premium services to be launched later this year, as well as to expand the companys team both on the product and business sides.
With kids tablets becoming the hottest trend in consumer electronics and the number one gift requested by kids, KIDOZ is gearing up to provide the platform of choice for families, says KIDOZ founder and CEO, Gai Havkin.
We are living at a time when smart devices have become our kids main toys. This has affected their entire playing, learning and entertainments habits. Havkin continues, KIDOZ is rapidly becoming the STANDARD for this new reality, both for kids and for parents. Lool Ventures not only brings us the resources but also validates our vision that KIDOZ should be on each and every device.
Founded in 2009, KIDOZ is empowering the digital life of millions of kids by turning Smartphones, Tablets & PCs into safe and entertaining environments for kids.
KIDOZ comes pre-loaded with the latest kids apps, videos and online content delivered directly to children, making KIDOZ state-of-the-art platform the one-stop solution for families and kids.
Lool Ventures was created to help entrepreneurs grow companies @ Internet speed.
Read the full story at http://www.prweb.com/releases/2013/10/prweb11213209.htm.