Southern California-based investment firm, Allrise Capital announced today that it led UK based IntellectoKids’ $3 million Series A financing.

“We are very excited to work with IntellectoKids and believe they offer a uniquely comprehensive application ecosystem,” says Ruslan Zinurov, CEO of Allrise Capital. “The EdTech space, particularly the age demographic IntellectoKids serves is growing tremendously.”

IntellectoKids is a rapidly growing provider of online education solutions for children up to the age of 7. The platform consists of 4 different applications that can be found on the Apple App Store as well as the Google Play Store. The applications educate children through a gamified experience on subjects necessary for early schooling. IntellectoKids boasts over 200,000 installs and has been consistently ranked within the top 10 on the Apple App Store in the kids 5 and under category for over 15 countries. Focusing primarily on expanding the userbase in 2020, IntellectoKids will achieve over 700% revenue growth this year.

The London based EdTech firm plans to use the financing to penetrate new geographies outside of the United States and Europe as well as grow its Android userbase.

Allrise Capital has experience investing in technology companies in Silicon Valley as well as globally and believes IntellectoKids offers a quality solution in an underserved portion of the $70 billion growing EdTech market.