Playrific, a leading digital media aggregation service for children, has closed an oversubscribed $1.7 million round of equity financing. The funding was lead by Golden Seeds, a network of angel investors dedicated to investing in early stage companies founded and led by women, with participation of investors from a variety of other angel groups including Launchpad Venture Group, Walnut Ventures, Northeast Angels, and Maine Angels.
With this round of funding, the company has now raised a total of $2.8 million to fund its mission to enable children to safely explore and learn independently from digital content.
Playrific also announced that Pat Feely and Angelique LeDoux have been appointed to the company’s board of directors. Feely, a 35-year veteran of the toy and video game industry, is the current chairman of the Toy Industry Foundation and was previously chairman of the Toy Industry Association from 2000 to 2002. He served as president and chief executive officer of Radica Games Ltd., until his retirement in October 2006, after the company was acquired by Mattel, Inc. LeDoux currently serves as president of Jade’s Toy Box, a New York City-based educational toy company. She is a managing director at Golden Seeds, and the founder of the P.A.L. Workshop Series for Parents of Accelerated Learners. LeDoux also served as an editor at Time Magazine for Kids from 1999 to 2007.