Night Zookeeper secures £90k from London Business Angels to expand mobile application development.
London Business Angels contributed to the £90k post seed raise, bringing total recent funding to over £440k.
London based children edtech specialist developing digital games and storytelling applications that encourage creative play.
Night Zookeeper has secured £90k in fresh capital, bringing its total recent funding to over £440k. The latest investment includes £65k from the LBA Roundtable Syndicate Fund 2014, adding to participation from an existing syndicate of London Business Angels members.
The London based children edtech company will use the proceeds to develop further entertainment focused mobile applications and stories while expanding its intellectual property suite. The business previously graduated from the Telefonica backed Wayra UK accelerator.
Chief executive Josh Davidson noted that digital platforms allow small enterprises to compete for children attention against established brands. London Business Angels chief executive Anthony Clarke added that the network members have subscribed to over half of the current round.
From the founder
"In this fast moving business environment, Moshi Monsters, Angry Birds and Temple Run have all redefined how children’s brands can be built. Small digital companies with innovative ideas can compete with much larger, established companies for children’s attention. I’m thrilled that we can work with LBA investors to grow Night Zookeeper and further our mission to turn children from simply the consumers of digital media into the creators."
Josh Davidson
CEO at Night Zookeeper
Investor perspective
"I am delighted that our LBA EIS Roundtable Syndicate Fund 2014 has been able to join an existing LBA syndicate of over 10 LBA members, led by a highly credible and value adding lead angel. LBA members have subscribed over 50% of the current round giving the company a strong platform from which to accelerate its growth and further roll out its suite of innovative products globally. This investment is the first investment by our latest 2014 LBA EIS Roundtable Syndicate Fund, with a further 6-7 investments expected to be completed by this fund between now and the end of fiscal year 2014/2015."
Anthony Clarke
CEO, London Business Angels
Use of funds
- 01Continue product development
Investors
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About the company
Night Zookeeper
Night Zookeeper transforms children drawings into interactive digital games and stories.