Fingerprint Gets $7.7 Million in Funding
The notebook and pen is slowly being replaced by tablets, laptops and mobile phones; gone are the days when students and teachers lock themselves into rigid modes of learning and communication.
This trend of course also means that there is ample opportunity for developers to cash in and this is precisely what Fingerprint Digital is looking to do. The company which develops mobile learning apps and games for the iOS platform has just raised $7.7 million in seed capital from several prominent venture capitalists. The funding round was led by Media Labs with participation from THQ, Reed Elsevier Ventures and Suffolk Ventures.
Fingerprint Digital promises expanded applications for Android devices in the future but the money raised will go towards strengthening existing iOS applications. One of its biggest offerings is an app that lets parents see exactly what their kids are playing, thus giving more control and protection their children’s welfare.
Fingerprint Digital has a solid brass of executives too. The company’s educational app studio was founded by Nancy MacIntyre, a former executive at educational products giant, Leapfrog. Although the space is heavily dominated by other big-name developers, Fingerprint Digital looks confident in its offerings and the experience of its executive in delivering world class educational apps.
The $7.7 million along with the $1.4 million raised back in September 2011 brings the total invested in the company to $9.1 million. This is a solid bit of funding and should give the company a distinct advantage.