Tangible Play’s mixed-reality game and experience outfit Osmo has received $24 million in funding from a collection of high profile investors, including toy giant Mattel, publisher Houghton Mifflin Harcourt, Collab+Sesame — the joint venture of Collaborative Fund and Sesame Workshop launched early this year — and Shea Ventures.
The new investors join existing Osmo supporters Accel, Upfront Ventures and K9 Ventures.
Launched in 2014, Osmo is a hands-on play and learning experience that combines digital content with real-world interactions. Using Reflective AI technology, Osmo offers creative, entrepreneurial and STEM-focused titles for kids 5-12 like Masterpiece, Numbers, Coding, Monster and Pizza Co.
“Collab+Sesame enthusiastically supports Osmo in the creation of educational products that will help more children learn valuable lessons through engaging play,” said Tanya Haider, EVP of strategy, research and ventures at Sesame Workshop. “By providing our expertise in early childhood development, research and whole-child curriculum, we can aid entrepreneurs—and help more children become smarter, stronger and kinder in the process.”
This latest round of funding will support the development of future Osmo products, and pave the way to make its offerings available for iPhone as well as iPad with Words, Tangram, Newton and Numbers as well as new experiences customized for the smaller device.
“We’re thrilled by the growing demand we’re seeing among young families and educators alike who are eagerly embracing a new form of learning and play,” said Pramod Sharma, CEO and co-founder of Osmo. “Our growth is in large part due to the advances we’re making on and off the screen through mixed-reality experiences, and we’re proud to receive support from some of the most iconic names in children’s education and entertainment.”