# codeSpark

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/codespark

- Industry: Software
- Headquarters: Pasadena, US
- Website: www.codespark.org
- Total disclosed funding: $5.3M
- Latest round: Seed (Jul 29, 2016)
- Investors on record: 6

## About

codeSpark is an educational technology company focused on providing innovative digital learning solutions that teach coding and critical thinking skills to children. Their engaging platform promotes interactive learning experiences for young learners.Founded in 2014 in Pasadena, California, codeSpark offers a platform aimed at enhancing early childhood education through coding skills. The co-founders are Grant Hosford, Joe Shochet, and Patrik Potocki, with Grant Hosford serving as the CEO. The company has raised a total of USD 3.67 mn through various funding rounds, with the latest being a Seed round in May 2021, which included investments from Felton Group, Fusion Fund, Idealab, Kapor Capital, and Yung Park Capital. The most recent deal occurred on May 25, 2021, when HomerLearning, Inc. acquired codeSpark, but financial terms were not disclosed.codeSpark specializes in a gamified platform that teaches coding and critical thinking skills specifically designed for children aged 5 to 10. This platform includes interactive games and challenges that foster problem-solving abilities while allowing young users to create their own stories and games. Their services are available in North America, Europe, and select markets in Asia, catering to both schools and homes to enhance STEM education offerings.codeSpark operates on a subscription-based revenue model with various pricing tiers for individual users and educational institutions. They offer annual subscriptions for families and schools that provide access to a comprehensive suite of learning tools. The company's partnerships with educational institutions often lead to bulk licensing agreements, further supporting their revenue. Their flagship product, the codeSpark Academy, serves as a key revenue driver, facilitating classroom integration and expanding their customer base.Looking ahead, codeSpark aims to further develop its platform and introduce new products that expand upon their current offerings. They are targeting markets in Europe and Asia for geographic expansion, with plans to roll out additional features by the end of 2022. The recent funding raised in May 2021 will be strategically utilized to enhance product development and support market expansion initiatives. This will allow codeSpark to continue pursuing their mission of improving coding education in young learners.

## Funding rounds

- Seed, Jul 29, 2016, $3.7M — Idealab, Kapor Capital, Fusion Fund, Yung Park Capital, Felton Group
- Seed, Oct 28, 2015, $0.3M — Idealab
- Seed, Jul 1, 2015, $1.4M — Idealab, Kapor Capital, Marc Bell Capital

## Investors

- Idealab (https://capitalatlas.ai/funds/idealab) — Seed
- Kapor Capital (https://capitalatlas.ai/funds/kapor-capital) — Seed
- Marc Bell Capital (https://capitalatlas.ai/funds/marc-bell-capital) — Seed
- Fusion Fund (https://capitalatlas.ai/funds/fusion-fund) — Seed
- Yung Park Capital — Seed
- Felton Group — Seed