Azoomee set for expansion with HSBC funding
Award-winning educational technology company Azoomee is forecasting growth following a £200,000 funding package from HSBC UK.
The London-based tech company will use the funding to support the growth of its learning platform – which is aimed at children over five – in a bid to make screen time fun and meaningful for every child.
The funding will be invested into growing markets such as the USA, Canada and South Africa, as well as supporting further product development and diversification for the mobile app.
The financing from the bank will also help Azoomee to grow its 16-strong team in order to support its expected growth.
Established in 2014 by husband and wife duo, Douglas and Estelle Lloyd, Azoomee is aiming to build the world’s largest library of games, videos and educational activities based on topical, current skills – such as creativity, online safety and problem solving.
“We have three young children, so we know first-hand how difficult and time consuming it can be to find high quality kids’ content that is both fun and educational,” said Douglas Lloyd, co-founder and CEO of Azoomee.
“Thanks to the funding package from HSBC UK, we can now focus on growing Azoomee with the aim of becoming a household name, not just for children in Europe, but all over the world.”
Jeff Richards, area director of North London Business Banking, said: “We are proud to support this innovative start-up that continues to go from strength-to-strength.
“With a recent Chief Medical Officer report highlighting the need for reduced screen time among children, it couldn’t be more timely for Azoomee to invest further in its learning platform.
“Azoomee has identified a unique method that ensures children can not only learn but develop skills which will enable them to be both tech-savvy and safe in years to come.”
Azoomee has won several awards in the last three years including Best Children’s/Family app at the Junior Design Awards 2018 and Gold Awards at Made for Mums Awards 2018.
The Azoomee app is available globally on both Android, Amazon and Apple app stores in nine languages.