Sequoia Pumps $6 Mil Into MindSnacks
With Zynga’s stock in the gutter, some are questioning the strength of social and mobile gaming.
That, however, didn’t deter Sequoia Capital
from adding $6 million in fresh capital into educational iOS game maker MindSnacks.
Launched in 2010, MindSnacks has already racked up roughly 4 million downloads.
In
an age of short attention spans and ceaseless digital distractions, the start-up attributes its success to a “bite-sized” approach to content consumption.
“Our games
make it easy to consume a few minutes’ worth of learning on the go,” said Jesse Pickard, CEO of MindSnacks. “This bite-sized approach makes learning easily digestible for people of
all ages.”
Each MindSnacks app features six mini-games built around different skills. Combined with what Pickard calls an “adaptive curricular algorithm,” its games
are easy to pick up.
With its new investment, MindSnacks plans to expand its subject offerings by hiring more engineers and designers.
Its current roster of 14 iPhone
apps include language-specific subjects, such as Spanish, Mandarin and SAT Vocabulary. Forthcoming titles will cover geography and math.
Regarding MindSnacks, Sequoia partner Bryan Schreier
said: “We see enormous potential in their mission to make learning any subject easier.”
By the end of the year, the number of U.S. social gamers will approach 76.5
million, according to eMarketer. Social networks such as Facebook remain a popular platform for social games, but the growth of stand-alone mobile applications gives game makers more control over
their destinies.
Recent Online Media Daily Articles
-
New Stanford Initiative Helps Browser Developers Refine Cookie-Blocking June 19, 7:35 p.m.
Privacy advocates at Stanford on Tuesday unveiled a new initiative that could pave the way for ... -
Facebook Aims To Simplify Page Analytics June 19, 5:52 p.m.
In its latest step to simplify advertising and marketing on Facebook, the company on Wednesday announced ... -
Powley Tapped As iCrossing CEO June 19, 5:32 p.m.
Catching agency watchers off guard, Don Scales is stepping down as CEO of iCrossing, effective immediately.Stepping ... -
Twitter Gets Social With Viacom June 19, 5:21 p.m.
Twitter took another step Wednesday toward supporting television. The social-media company signed a partnership with Viacom ... -
Digital, Alternative Media Revs Forecast To Hit $436B By 2017 June 19, 3:01 p.m.
Various types of mobile marketing and advertising accounted for nine of the top 10 fastest-growing digital ... -
Acquisitions Flourish, Google To Seek Equity Firm To Further Deals June 19, 1:24 p.m.
Google is considering alliances with private-equity firms to help structure acquisition deals, but the tech company ... -
Millennial Expands Video Ad Options June 19, 11:44 a.m.
Mobile ad network Millennial Media is stepping up its video ad offerings with the launch of ... -
CIMM Issues Request For Data, Cross-Platform Metrics June 19, 9:29 a.m.
The Coalition for Innovative Media Measurement (CIMM) said it has issued a request for proposals involving ... -
Heads Or Tails: Facebook Grows A Long One, Surpasses 1 Million Advertisers June 19, 7:48 a.m.
Facebook has reached an important ad industry milestone, becoming one of the few mega platforms to ... -
Consumer Action: Most Web Users Want Control Over Tracking June 18, 8:20 p.m.
Most Web users have expectations about privacy that appear to be at odds with current practices ...


Be the first to comment on "Sequoia Pumps $6 Mil Into MindSnacks"
Leave a Comment