EdTech startup TinyTap raised $8.5 million for staff expansion and product development.
TinyTap Raised $8.5 Million
TinyTap, an educational technology startup and a subsidiary of Animoca Brands, has raised $8.5 million in funding, which it plans to use for staff expansion and product development. Sequoia China, Shima Capital, Polygon, Liberty City Ventures, Kingsway Capital, and GameFi Ventures are among the backers of this round of funding.
TinyTap offers a platform for user-generated educational content and claims to be “the world’s largest library of games by teachers.”
The company began incorporating blockchain technology into its services, offering tokenized content via non-fungible token collections, after being acquired by Animoca in 2022.
Animoca co-founder Yat Siu believes NFTs will help teachers generate more income and offer enhanced learning materials to students.
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