Periscope Media, the Dubai-based startup specializing in the development of kidtech and edutainment, has today announced the closing of its initial Seed round funding.
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The startup, which was founded in early 2020, develops innovative digital products built specifically for the use and engagement of children. The company’s purpose is to bring digital products with a unique focus on the MENA region whilst adhering to the highest in global kids’ privacy laws such as COPPA, GDPR-K.
Smeetha Ghosh-Jorgensen, CEO and Founder of Periscope Media announced, “I am very happy to have the support of our investors as we look to launch truly innovative and regional products tailored specifically for the MENA region.
"As parents ourselves we know only too well the importance of making sure our children are accessing not just quality content online but in an environment that is completely safe and private.
"Our mission is founded on protecting our children whilst providing an engaging and educational experience.”
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Despite the current crisis, H1 2020 has seen $659M invested in MENA-based startups, which is already 95% of total funding full-year 2019. Discover more data, including country and industry trends by purchasing our H1 2020 MENA Venture Investment Report.