After raising $8M in Series B round almost 2 years ago, our portfolio startup Epic! – a leading digital library for kids has now raised another $8M in Series C funding round too which takes its total funding to $21.45M. The funding round was led by Reach Capital, with participation from Rakuten Ventures, Menlo Ventures, TransLink Capital, WI Harper, Brighteye Ventures, and Innovation Endeavors. Best of luck Epic!
Founded out of Palo Alto in 2014, Epic offers unlimited access to around 25,000 books for $5 per month. The content is targeted at those under 12 years of age and includes thousands of accompanying learning videos, quizzes, and reading lists. Epic claims that its service is used in 87 percent of U.S. elementary schools.
Up until now, Epic had raised around $13 million in funding, and with its latest cash injection the company plans to expedite its growth, add to its team, and build out its platform for both home subscribers and schools.
“We invested in Epic because of the excitement from teachers and children who were delighted by the platform. In classrooms all over, we saw Epic spark children’s love for reading and inspire them to share their learning with others. We were impressed with Epic’s ability to capture the hearts of educators, children, and parents and create a seamless connection between school and home learning.”, explained Reach Capital general partner Jennifer Carolan.
Please read full story at VentureBeat.