Kuddle the Instagram for kids have opened up its 2nd round of funding
The Norwegian start-up that last August launched a safe picture sharing app aimed towards children and took the position as the first mover in this market has now opened up for a second round of funding.
The 2nd round of funding values the company at $4.5 million before the issue of new shares, and Kuddle is using the crowdfunding platform Fundable.com for this round.
"This is a great investment opportunity and a low entry price for a stake in a company that has a great potential and bright future" says CEO Ole Vidar Hestaas.
Kuddle is extremely popular in its home market of Scandinavia, but have enjoyed the top spot in Brazil and the UK under the Social Network category, in competition with the likes of Instagram, Twitter and Facebook.
"We are ramped up for the Asian market and have lined up Japan, Vietnam, South Korea and Thailand a market with more than 250 million people, so this round mainly be used to initiate our launch their and continue our healty growth of users." says Kuddle's CEO Ole Vidar Hestaas.
For more information:
Stefan Okstveit, press officer
+( 47) 975 78 299