Wow, this just in today. Zuuka Group along with its publishing label iStoryTime, the largest library of children’s book apps has announced today a USD 2 Million Series A investment by venture capital firm CFP & Founders Investment. This investment will allows the company to quickly expand their domestic and international library of more than 100 books in 80 countries.
This investment will also allow the company to expand distribution of content to additional mobile platforms. As of now, iStoryTime’s catalogue consists of bestsellers such as the Kung Fu Panda 2 storybook, Transformers Dark Side of the Moon Mix & Match app and several major digital mobile licensing partnerships involving heavy hitters such as Cartoon Network, Sony Pictures Entertainment, Reader’s Digest Children’s Books and The Jim Henson Company.
This has made the company a recognized leader in interactive storytelling experience in which CFP & Founders Investment have saw fit to facilitate in its ambitious expansion plans. The extensive library is delivered to the convenience of mobile devices including Apple’s iPad, iPhone and iPod touch along with Android and the HP TouchPad, HP’s first webOS tablet.
“The exciting growth of the mobile marketplace provides excellent opportunity within the children’s content industry,” said Jens Munk, Managing Director at CFP& Founders Investments. “iStoryTime makes an excellent addition to our portfolio with its proven track record and is well positioned to take advantage of this mobile entertainment revolution.”
The investment finalizes the merger between Santa Barbara-based FrogDogMedia and Germany’s zuuka GmbH, which have combined under the zuuka Group name and will continue to publish under their flagship label iStoryTime. Now, the four founders Susanne and Dirk Busshart, Graham Farrar and Woody Sears join forces to bring the company even further and keep up the leading market position in the children’s book segment.
For more details, check out https://www.istorytimeapp.com/
