# Speakaboos

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

- Industry: Education/Training
- Headquarters: New York, US
- Website: www.speakaboos.com
- Total disclosed funding: $21M
- Latest round: Series B (May 9, 2016)
- Investors on record: 6

## About

Speakaboos is an interactive digital reading platform that engages young learners through storytelling and educational content designed to foster a love of reading and enhance literacy skills.Founded in 2008 in New York, US, Speakaboos operates as a digital platform offering engaging interactive storytelling experiences for children. The company has undergone no notable pivots and does not have known subsidiaries. Noelle Millholt, the founder, has a background in creating educational tools, although no previous companies are listed. Speakaboos raised a total of USD 12.5 mn in Series B financing on May 9, 2016, led by Wellington Management, with participation from Advancit Capital and Kyowon Group.Speakaboos provides a comprehensive digital reading platform that includes a vast library of interactive stories designed to captivate young readers. The platform offers educational content that helps enhance literacy skills through engaging narratives and interactive features, making reading a fun experience for children. Speakaboos serves educators and parents looking to support children's learning in a structured and enjoyable way, with a focus on fostering a lifelong love of reading.The company's revenue is generated through a subscription-based model, allowing customers access to premium content and features. Subscribers can choose from different service tiers, which cater to varying needs in access to interactive stories and educational resources. This model ensures a steady stream of recurring revenue, as it supports a diverse clientele, including schools and families, across different sectors.In May 2016, Speakaboos raised USD 12.5 mn in Series B financing to support the development of new interactive storytelling features and expand its library. The company plans to enhance its platform with additional educational tools and resources to better serve its user base. Furthermore, Speakaboos aims to expand its presence in international markets, targeting regions in Europe and Asia by late 2023, leveraging the recent funding to support these initiatives.

## Funding rounds

- Series B, May 9, 2016, $13M — Wellington Management, Advancit Capital, Kyowon Group
- Series B, Nov 12, 2014, $6.5M — Advancit Capital, GSV Ventures, Vaidya Capital Partners
- Series A, Jan 1, 2012 — Advancit Capital, Kyowon Group
- Seed, Jun 1, 2009, $2M — [212]Media

## Investors

- [212]Media (https://capitalatlas.ai/funds/212-media) — Seed
- Advancit Capital (https://capitalatlas.ai/funds/advancit-capital) — Series A, Series B
- Kyowon Group — Series A, Series B
- GSV Ventures (https://capitalatlas.ai/funds/gsv-ventures) — Series B
- Vaidya Capital Partners (https://capitalatlas.ai/funds/vaidya-capital-partners) — Series B
- Wellington Management (https://capitalatlas.ai/funds/wellington-management) — Series B