Video: 'Educational Startup Receives EUR 1 Mln Investment'

  • 14 May 2018 12:11 PM
  • Budapest Business Journal
Video: 'Educational Startup Receives EUR 1 Mln Investment'
The BOOKR Kids reading application has raised a total of EUR 1 million investment from the state-owned Hiventures Venture Capital Fund. BOOKR Kids will be present in Hungarian elementary schools from September with a special pedagogical program.

The three-year-old startup develops interactive books and applications for children, publishing houses, companies and educational institutions, and produces digital versions of fairy tales and stories previously only available in print. BOOKR Kids thus provides a completely new format for IP owners.

“Our main goal is to build a bridge between books and the digital world so that literature - besides screens - can also become a natural part of children’s lives,” says Dorka Horváth, CEO and co-founder of the company.

“We gamify the books while keeping their original values; it is only the format and the platform that changes. BOOKR Kids means ʼlegal tablet timeʼ for kids since its developing effect is approved by parents, teachers and educational experts.”

With a special pedagogical program, BOOKR Kids will be present in Hungarian elementary schools from September. The educational plan was approved by the Digital Prosperity Program of Hungary and can be applied for under the Institutional Digital Development Plan.

This year the dynamically growing business has already matched its total revenue from 2017. The revenue goal for this year is EUR 500,000. Thanks to the capital injection, the company, already present in five countries, plans further international expansion.

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Budapest Business Journal

Hungary's largest and oldest source of business and financial news in English. Since 1992 it has presented essential information on Hungarian business life, including international analyses about the country. These days the BBJ newspaper is published every other week, while it releases daily business news online including premium paid content.