Tales2Go, an edtech startup that provides audio books for early childhood programs and primary schools, raised a $750k Seed Round from NewSchools Venture Fund and Maryland Venture Fund.
Tales2Go previously received a $750k convertible note funding from both investors.
Tales2Go created a “Netflix‐like service” (I personally would make the comparison of being an Audible for K-12) that streams thousands of audiobooks from leading publishers, giving its users instant, unlimited and simultaneous access. Through Tales2Go a teacher can now assign the same audiobook to an entire class or grade.
“Audio books are more than a nice library resource, or good for struggling readers, they are an important tool for reading achievement in the classroom and a needed resource to aid parents at home.” states Tales2Go co-founder and CEO William Weil in the press release.
Listening skills are given special emphasis within the Common Core State Standards, as literacy experts have long understood that children need to be good listeners in order to become good readers.
According to data released by the National Assessment of Educational Process only 33% of fourth graders are proficient readers in the US. The study also revealed that students who are not reading at level by the end of third grade were four times more likely not to graduate from high school.
Tales2Go aims to tackle this issue by supporting the development of literacy skills during the most critical early childhood and elementary years. In this relatively short period students acquire their foundation of vocabulary and fluency which is the necessary basis for the entire future academic success.
Tales2Go snags $750K | PE Hub