Zoobean Raises Another Round to Add Voice Technology to Reading App

Financing

Zoobean Raises Another Round to Add Voice Technology to Reading App

May 28, 2019

BEAN COUNTER: Zoobean, the Washington, D.C.-based creator of the reading app Beanstack, has raised an undisclosed new round of funding. Participants include Amazon’s Alexa Fund, “Shark Tank” investor and Dallas Mavericks owner Mark Cuban, angel investors Jo and Elizabeth Tango, EAI Technologies, Pamela Bass-Bookey and Harry Bookey, and Neil Jaffe of Booksource.

Founded in 2013, Zoobean plans to use the money toward integrating voice technology in its software and mobile app to reach more users in schools, libraries and homes, according to a press release. The company claims it is licensed and used in over 1,000 schools, libraries and corporations worldwide. It has raised just under $2.5 million to date, co-founder Felix Brandon Lloyd says in an email, and previously participated in the AT&T Aspire Accelerator.

Cuban’s previous edtech investments include Copley Retention Services, Degreed and Cluster. The Alexa Fund has invested in Bamboo Learning and Unruly Studios.

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