TinyTap – a technological startup that empowers users to create different educational game-based activities – secured an $8.5 million fundraiser.
The company, which is a subsidiary of the blockchain gaming platform Animoca Brands, will use the funds to accelerate its product development and hire more staff.
“We started in October and within a month reached 80% of what we aimed for in the round. By November, some big investors who had soft committed for a large part of the funding had to fold due to certain fallout and rising uncertainty. As a result, the round took a bit longer to close, and we had more to prove.”
“Teachers and educators are among the most important content creators and contributors in society, and yet their wages typically do not reflect their critical importance. This is why we’re incredibly excited at the Web3 opportunities that TinyTap is exploring in the field of education.”