Hopster raises a multi-million pound growth capital round from Sandbox Partners Private Limited
The preschool learning platform has secured multi-million pound backing from Sandbox Partners to drive international expansion.
Hopster operates a global subscription video on demand platform targeted at pre-school children, combining educational content with entertainment.
Hopster has secured a multi-million pound growth capital round from Sandbox Partners Private Limited. The interactive television and learning platform for preschoolers will use the funding to launch its product internationally.
The company previously raised capital from London Business Angels in December 2013, which helped establish its initial operations and secure strong traction, including a top twenty ranking on Apple iTunes for children's applications.
From the founder
"The funding we received from LBA’s Angels in the City programme helped to fill a gap; we needed more money than we could raise from friends and relatives, but it was too soon for us to go down the conventional Venture Capital route. As well as the financial backing to get the business off the ground, our investors offered us valuable strategic advice which has helped us grow. Hopster’s grown strongly since we closed the funding – Apple iTunes has ranked us in the top 20 for children’s apps and we are currently planning to expand our operation internationally. None of this would have been possible without that initial support."
Nicholas Walter
CEO at Hopster
Investor perspective
"Individual investors are a vital source of finance for burgeoning start-ups in the City. The rise of high-growth potential tech firms has transformed the area in and around the Square Mile and driven economic growth. As well as the opportunity to gain a healthy financial return, investors can help grow an exciting new business from the beginning and be confident in the knowledge that they are supporting job creation in the capital. We hope more City workers will choose to become investors."
Mark Boleat
Policy Chairman, The City of London Corporation
Use of funds
- 01Expand into international markets