Golden Seeds Invests in Little Pim, Leader in Foreign Language Teaching for Young Children
NEW YORK, Feb. 5, 2013 /PRNewswire/ -- Golden Seeds, including Golden Seeds Innovate NY Fund, led a $2.0M Series C financing for Little Pim Corporation, the award-winning foreign language learning company that introduces young children to a second language via its core DVD and digitally downloadable multi-media series.
Little Pim was founded by CEO Julia Pimsleur, daughter of the language-teaching pioneer, Dr. Paul Pimsleur, who created the Pimsleur Method®. The Little Pim series, available in 12 languages, features the proprietary Entertainment Immersion Method®. This 6-part video series teaches kids 360 words and phrases and is sold directly through the company's web site; via digital download; in specialty retail stores and mass merchants in the U.S and in 17 countries.
The importance of introducing language to children before the age of six cannot be underestimated. Julia Pimsleur explains: "Research shows that young children are hard-wired to easily learn up to three languages. Learning a second language is a great workout for the part of the brain which handles memory, multi-tasking and other skills associated with intelligence. This Funding allows us to create new digital products and raise brand awareness via increased marketing."
Carolyn Fikke, Managing Director, Golden Seeds, who co-led the financing and joins the company's board, comments, "Little Pim's products are educational and entertaining, allowing young children to start learning a second language and preparing them to take part in the global economy."
About Little Pim
Little Pim Corporation is a language education and entertainment company that has developed a proprietary system of teaching second languages to children ages 0 to 6, the age that studies have shown children learn best. Little Pim, a leader in its field, is the winner of 25 consumer awards.
About Golden Seeds
Golden Seeds' angel network, the fourth largest in the US, consists of 262 men and women. Its venture capital group has more than $30 million under management. Golden Seeds Innovate NY Fund LP is part of a $35 million equity fund established by the Empire State Development Corporation to provide New York startup and seed stage businesses with capital to support innovation and job creation. The $25 million in State funds and $10 million from Goldman Sachs will leverage over $70 million in private investment for New York's businesses.
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SOURCE Golden Seeds