In a move that benefits both kids and mobile developers around the world, mobile tech company Fingerprint has secured US$10.85 million in additional funding to roll out seven new networks.
The cash comes from a host of media and entertainment companies, led by DreamWorks and long-time investors Corus Entertainment and Reed Elsevier Ventures.
As a creator of kids mobile play-and-learn networks, Fingerprint will use the money to develop new networks, and to add more content to each. The goal is to get the new global networks up and running by the end of this year.
Along with the network expansion, the mobile tech firm has earmarked some of the money for new games, apps, videos and eBooks for its partner networks. By this December, the company plans to introduce more than 600 apps, 50 eBooks, and new video services for kids. With this latest financing round from top media and entertainment companies, Fingerprint will have access to additional branded properties for its family networks.
Since launching an initiative last December to drive global content, the company has received more than 400 submissions from developers in 30 countries. The new crop of developer partners come from regions such as Finland, Israel, Japan and Poland. Key partners include Smart Education, Ducky Deck, BabyBus, TinyTap, Speakaboos and BabyFirst.
Currently, Fingerprint operates its own network, Fingerprint Play, as well as Samsung KidsTime (just launching), Sylvan Learning and Astro. The company has also announced it will be building a new network with Cricket Media, and expects to partner with additional investors for new kids networks.