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Venture Capital Firms iNovia Capital and ID Capital invest $3 Million into Tribal Nova, a Children's Virtual World Company
April 16th, 2009 No comments
MONTREAL, April 16 Tribal Nova, a Montreal based developer and operator of parent-friendly virtual worlds and online educational gaming services for 3-12 year olds, announced today the closing of a $3 million growth financing round from iNovia Capital and ID Capital.
“Tribal Nova is well positioned to succeed in a market that has great potential for growth,” said Chris Arsenault, Managing Partner at iNovia Capital. “Children are consuming media and entertainment in new ways these days, with a significant amount of time and attention spent on the internet. Media companies recognize that fact and are searching for different ways to engage their existing audiences.”
“By partnering with leading, recognized media companies from around the world, Tribal Nova demonstrates that it produces top quality immersive online environments that kids find fun and engaging, and that parents approve as being safe and secure for their children” said Daniel Cyr, Managing Partner at ID Capital.
Top Tier Media Partners
Tribal Nova has already partnered with the following reputable media companies to launch educational online gaming services for 3-6 year olds in the US, French and Canadian markets
– PBS, whose programming reaches more than 115 million people each month
on-air and online, for PBS KIDS PLAY! www.pbskidsplay.com
– CBC for the upcoming KIDS’ CBC WONDER WORLD
– Bayard Jeunesse, a leading publisher in France, whose publications
reach 36 million readers, for BAYARDKIDS.
“Tribal Nova is quickly becoming recognized as a leader in this field,” said Tribal Nova co-CEOs Guillaume Aniorte and Pierre Le Lann. “The funds and hands-on assistance from iNovia Capital and ID Capital will help our aggressive expansion from the markets of North America and France into new international markets, in addition to supporting the growth of our new, virtual world KidStudio that is targeted at 7-12 years old children.”
Kidstudio www.kidstudio.com is a unique virtual world that lets kids make friends, collect and trade thousands of games and videos featuring their favorite TV characters.
Source: Tribal Nova
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