A Parent Media Co. Inc. Announces Closing Of Angel Round Financing

CALGARY, Alberta, Oct. 8, 2014 /PRNewswire/ -- A Parent Media Co. Inc. ("APMC'') today announced the successful completion of its fully subscribed Angel Round of financing in support of its online children's video-on-demand service, Kidoodle.TV®. The company has raised ~$10.0 million in capital to date after achieving key operating initiatives, establishing strong corporate partnerships, significantly increasing subscriber growth and securing a large content base. 'Series A' financing is now planned for early in Q1/15.

APMC's Angel Round was led by investor and philanthropist, Tom Crist, who made a personal, multi-million dollar investment in APMC with proceeds benefiting the Crist Family Foundation. Says Crist, "We appreciate that the Kidoodle.TV team shares many of the same values that we do, with a corporate ethic that shows commitment to the community as well as to shareholders." Crist's foray into the Angel Round is representative of a new era of corporate and social philosophy and impact investment.

"We are excited to be on the leading edge of a new investment pattern focused on philanthropic endeavor," says Founder and President Mike Lowe. "Not only have we built a highly scalable, online platform in a hot space, but we have established a strong business model that also considers the human return, otherwise known as social entrepreneurship. In so doing, the company has attracted a new, more sustainable form of investment and solidified its relationship with consumers."

Similar to the Angel Round, the Series A financing is expected to be led by strategic investment. Executive Chairman, Doug Nyhoff, formerly of The Carlyle Group and Bain & Company, notes that, "APMC is in discussion with a number of parties and is encouraged thus far. The Series A financing is expected to be priced at an increased valuation to our Angel Round, with the exact amount dependent on the successful completion of key initiatives."

For further information about the Series A financing please contact:

About a Parent Media Co. Inc. and Kidoodle.TV®
Available across the United States and Canada, Kidoodle.TV® is an online, streaming video service for children ages 12 and under with no adult content, no commercials and robust parental controls. Featuring a brightly colored, easy-to-use user interface, customizable profiles for up to 5 children, and great entertainment and educational content from a variety of sources for only$4.99/month, Kidoodle.TV is child oriented and convenient. Commercially launched on January 1, 2014, Kidoodle.TV recently ranked in the top 5 in the free 'Kids 5 and Under' and the free 'Kids' categories in the Apple App store. Kidoodle.TV is owned by A Parent Media Co. Inc., a family focused company. Kidoodle.TV is certified by the kidSAFE® Seal Program and has received the Parent Tested, Parent Approved Award. Visit www.kidoodle.tv to learn more. 

Media Contacts:
Ashley Sandberg                                                       
P: 347.735.6480 | E: [email protected]

Tanya Taylor
P: 615.254.9389 | E: [email protected]

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SOURCE Kidoodle.TV