Despite Brexit uncertainty, New York-based mobile-centric early childhood education company MarcoPolo Learning has opened its new global headquarters in London.
In making the move, the company expects to capitalize on the British capitol’s vibrant and cost-efficient creative talent pool, tax incentives and time-zone advantages. The headquarters will also help drive MarcoPolo’s recent partnership with Toronto, Canada-based Boat Rocker Media and its family of companies on new original animated television and digital series for preschoolers.
That deal, which is part of MarcoPolo’s five-year plan for digital and linear growth, saw the company secure US$8.5 million in funding in a round led by Boat Rocker. London-based VC firm Seedcamp was also part of the financing round, along with Horizons Ventures (Asia) and the managing partners of DST Global.
Since its 2012 launch by former Goldman Sachs and Tiger Global executive Nazar Yasin and ex- PMG Financial founder Justin Hsu, MarcoPolo has grown its mobile apps user base to more than five million in 150-plus countries, including the US, China, Russia, the UK and Japan.
As for the company’s New York office, it will remain open, but with a smaller staff.