Kids’ Streaming Service Magicflix Raises $500,000 in Seed Round
Magicflix, the curated video streaming service for kids that offers families a safe alternative to the uncertainties of internet-available video has raised over $500,000. The round includes notable investments from Geoff Entress and Andrew Wright.
Launched in November 2014, Magicflix, a Techstars Seattle startup, targets tech-savvy parents.
Its kid-friendly videos are available by subscription only, so there are no ads, and no risk of kids accidentally clicking away to inappropriate content. It also features educational content from around the world, says the company.
[ RMN Foundation: Serving the Children ]
“Nobody wants their kids to watch videos all day, but for the times that kids are consuming video content, we want to make it a safe, fun and fantastic experience for everyone. That’s why we went with a subscription model. As parents, we know that a couple of bucks a month is a small price to pay for peace of mind,” said Magicflix CEO, Mamtha Banerjee. “This latest round will allow us to continue developing our apps and invest in acquiring more great content.”
Magicflix is an ad-free, mobile-friendly, curated video streaming service for kids.
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