Access to paid features are typically unavailable at school teachers use the program to track students and assign homework virtually.
Like other online video games, Prodigy generates revenues by selling extras such as personalized outfits, and hairstyles for the users’ online avatars. “The kids use it while they think they’re playing a video game, and it’s much more than that.” “The supplementation to the school curriculum in math has been wonderful,” said CBGF CEO George Rossolatos, whose four children have used the platform. The company’s flagship offering is a free learning platform offered at schools and to parents that disguises math exercises as video games. The pair later ditched the hardware to focus solely on software, but kept the core idea of personalizing games to help students succeed.
The idea was to “intensely personalize the learning experience” for students, he said. “Our original idea was to create the world’s first emotionally responsive educational math game” using facial recognition software, and later biometric monitors to observe how children responded to the games, Mr. Mahimker and co-CEO Alex Peters, both 32, began building the company as a school project a decade ago when they were students in the University of Waterloo’s mechatronics engineering program. “We’re planning on growing very aggressively with this fundraise … and pursue our mission of helping every student in the world love learning,” co-chief executive officer Rohan Mahimker said in an interview.
Oakville, Ont.-based Prodigy Education Inc, which had previously raised just $15-million in institutional capital from CBGF in 2019, said the new funds would fuel a hiring spree, with plans to double in size to 800 people this year.
private-equity giant TPG and the Canadian Business Growth Fund (CBGF). Log In Create Free AccountĪ GTA online company that has turned math education into a video game for millions of children worldwide has raised $159-million from U.S.
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