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April 25, 2018
Sony Pictures supported the app with an additional equity investment. Existing investors VentureFounders and Angel CoFund also supported the growth capital round.
“We created Hopster because we saw technology as an opportunity to make screen-time a win-win for kids and parents,” says Nick Walters, chief executive officer and founder, Hopster. “Over the years we’ve stayed faithful to our mission, to help kids learn through the content they love, and our latest investment from Sony Pictures Television Networks is proof that we’re on the right path. We will use our latest funding to keep doing what we pledged: provide a safe, ad-free and nurturing digital environment for preschoolers.”
In the last past months, Hopster unveiled its first slate of original content, launched distribution partnerships with Amazon Prime Channels and was named Best Video Streaming App at the 2018 Kidscreen Awards.
Sony Pictures acquired a minority stake in Hopster in October 2016 and currently holds a seat on the company’s board. The latest capital investment further demonstrates the company’s commitment to shaping the future of children’s entertainment.
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