The American early education giant received 50 million US dollars in financing from Lego, Gymboree, and Sesame, and expanded product lines

by:Ennas      2022-01-14
Homer of the American educational technology company BEGiN is acquiring the learning coding application CodeSpark and expanding its early learning plan master plan. This acquisition allows Homer to expand its service-oriented age group from 0-6 year olds to 0-10 year olds. Homer's platform encourages the development of literacy, math, social-emotional and critical thinking skills, and CodeSpark also uses this skill in its STEM-based courses. The CodeSpark team joins Homer. Our mission is to provide every child with the best learning path and equip them with the skills needed for the 21st century world. This makes us very excited, said CEO and co-founder Neal Shenoy. The founder of BEGiN. We do this by teaching the right skills at the right time and in the right medium. This is the Homer method. We know that coding is most effectively taught through digital programs. In CodeSpark, we have a first-class, award-winning product, and we are happy to bring it into the Homer family. Homer’s proprietary learning courses include digital apps, physical exercise kits, and hands-on experiences designed by a group of learning experts. The Homer framework is divided into four steps-introduction, practice, application and transfer-designed to provide children with an engaging and effective learning experience. The CodeSpark Academy uses its own proprietary curriculum, allowing children under 4 to design and code more than 30,000 games and interactive stories. Our world is increasingly run by code, so children with 21st century skills are more important than ever, said Grant Hosford, co-founder and CEO of CodeSpark. The basic milestone of the Homer program is the full preparation for successfully mastering computational thinking skills through the CodeSpark Academy. BEGiN announced that its early education platform HOMER has completed a $50 million Series C financing. Lego Ventures, Gymboree, and Sesame Workshop participated in the investment. Other investors include 3One4 Capital, Trustbridge Partners and Interlock Partners. In addition, HOMER also received US$25 million in growth funding from Liquidity Capital. BEGiN was founded in 2011 and is headquartered in New York, USA. It mainly provides early education applications. HOMER sells two products, Learnu0026Grow and Learnu0026Play. Learnu0026Grow provides digital reading activities for children aged 2-8; Learnu0026Play provides games, stories and songs for children under 3 years old. In 2017, BEGiN acquired HOMER. HOMER has been paying attention to the reading field before and launched HOMER Reading and HOMER Stories. BEGiN plans to use this round of financing to launch its first comprehensive early education project, including online and offline experience methods, covering reading, mathematics, creativity, socio-emotional learning (SEL) and critical thinking skills courses. HOMER will also develop courses with partners such as Sesame Workshop, and will also conduct business globally through distribution partners such as Gymboree. Since its launch, HOMER has provided hundreds of thousands of subscribers with more than 4 billion minutes of teaching content. As school closures became the norm during the epidemic, HOMER’s annual subscriptions increased by 280%, website subscriptions increased by 230%, and courses increased by 30% over the same period last year.
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