Educational media franchise for children Jumpstart has raised $13 million in debt financing led by Hercules Technology Growth Capital, Inc. JumpStart’s portfolio mainly consists of educational games which are produced by Knowledge Adventure.
Along with additional funding from Telesoft Partners JumpStart will use the new funds to expand on their existing mobile and web products to unlock new potential in the children and family space.
Founded in 1991 JumpStart has been developing fun and engaging educational games under its two main brands JumpStart and Math Blaster for more than 20 years.
The company originally produced PC games, but has since expanded into the Video and DVD space as well as mobile with several iPad apps. Many of JumpStart’s games are available for free on the company’s website.
It also debuted a popular massively multiplayer online game in 2009. This game, similarly to World of Warcraft, can be play for free. If players want to unlock certain features, however, they have to buy a $8/month subscription.
JumpStart counts millions of parents and teachers its customers, but also partners with renown organizations like common Sense Media and the National Parenting Center. Among others the company names DreamWorks as a developing partner. Just last month JumpStart purchased Neopets from Viacom.
First reported by: EdSurge
- JumpStart Raises $13 Million in Venture Debt Led by Hercules Technology Growth Capital | PRWire
- JumpStart | Wikipedia