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Children's AR games dev Osmo raises $24 million funding round from Mattel and Sesame Street

Moving beyond the iPad

Date Type Companies involved Size
December 9th, 2016 investment Mattel
Osmo
$24m
Children's AR games dev Osmo raises $24 million funding round from Mattel and Sesame Street

Children's AR game developer Osmo has closed a $24 million funding round to grow its business beyond iPad development.

Funding came from Mattel, Houghton Mifflin Harcourt, Sesame Street-maker Collab+Sesame and Calibrate Partners. Previous investors Upfront Ventures, Accel and K9 Ventures also joined the funding round.

Osmo has currently only developed games for the iPad, but the investment will be used to push into iPhone development and hire up to 30 more people to grow the business.

Ready to scale

"We've gotten very good traction in schools, and we are ready to scale it up in the next year," Pramod Sharma, CEO of Osmo, told VentureBeat.

"This is great validation, but Osmo is in a very early part of a long journey. We have to keep building things that kids love."

Osmo was formerly known as Tangible Play. It raised $12 million in funding back in 2014 from Accel Partners, which has also invested in Supercell and Rovio.


Editor

Ric is the Editor of PocketGamer.biz, having started out as a Staff Writer on the site back in 2015. He received an honourable mention in both the MCV and Develop 30 Under 30 lists in 2016 and refuses to let anyone forget about it.

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