Hopster, the award-winning preschool educational and entertainment digital platform that helps preschoolers learn through kids TV shows, music, games and books has today confirmed the completion of a substantial equity investment round, from Sandbox & Co. and Venture Founders Ltd.
Following the transaction, Sandbox & Co. will now hold a majority stake in the business.
Hopster has ambitious plans to accelerate its strategic partnerships with global distribution companies in both the telco. and pay-TV spaces whilst investing in its future acquisitions and original content.
The funding will also go towards updating its product development to enrich its customer experience whilst supporting its UK operations to support growth in the new year and beyond.
Sandbox & Co. is a strategic operator of millennial learning and educational companies helping to change the way the world learns. Hopster joins the growing Sandbox portfolio of digital learning products and services already reaching in excess of 60m Millennial families and Kids.
2019 has been a tremendously exciting year for Hopster as it has continued expansion into new global markets and high profile global partnerships which include: Amazon France, Oman Ooredoo, Sky New Zealand, Vodacom – South Africa and Dish and Sling in the USA.
Nick Walters, founder and CEO at Hopster said: “2019 has been an important year in terms of global growth and with the investment by Sandbox we plan to continue and build on our successes.
“We have a long and established relationship with Sandbox who understand and support our vision, our goals and our values as educational, ethical and ambitious company. We have a number of exciting deals with high profile partners already in place for 2020 to announce and launch – so we are in a strong position and confident and excited for the future.”
Bhav Singh, Founder & CEO of Sandbox, added: “We’ve watched Hopster grow from an idea to a market leading service over the last few years and it was only natural that we continue to support the company to expand on this strong base and foundation as the leading digital pre-K service and welcome them to the Sandbox family of properties.”