Mind Candy Ltd
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Mind Candy Ltd - overview
Established
2004
Location
London, -, UK
Primary Industry
Software
About
Mind Candy Ltd is a UK-based company specializing in children's digital sleep and learning solutions through their innovative Moshi Sleep app. Founded in 2004 in London, UK, Mind Candy Ltd focuses on providing digital tools for children's sleep and emotional health. The company has successfully raised a total of USD 12. 00 mn, with the most recent funding round being Series B on April 21, 2020, led by Accel, alongside Latitude Ventures and TriplePoint Capital.
Christianne Amodio is the current CEO, while Marcia Lehmann is the founder. Moshi offers an award-winning digital platform primarily focused on children's sleep and learning through a comprehensive app. The core product is their mobile application, which features over 400 audio stories, meditations, sounds, and music tracks, specifically designed to aid in relaxation, sleep, and emotional well-being. The app includes character-driven games and skill-building activities that encourage positive learning outcomes by helping children manage emotions, navigate transitions, and foster mindfulness.
Moshi serves a diverse customer base, including parents seeking to improve their children's sleep and emotional health, as well as educators who integrate the platform into classroom settings. The app is available in various geographical markets, including the USA and the UK, reflecting its global outreach to families and educational institutions. In 2023, Moshi generated a revenue of USD 4,490,139. 40, with an EBITDA of USD -923,263.
60. The company generates income through subscription-based models that provide access to its extensive library of audio content and interactive games, catering primarily to direct consumers and educational institutions. Customers can choose between an annual subscription, which offers a seven-day free trial for USD 49. 99 per year, or a monthly subscription at USD 9.
99, both designed to maximize value for users. With the recent Series B funding of USD 12. 00 mn raised in April 2020, Mind Candy Ltd plans to enhance its product offerings, focusing on new features and content within the Moshi Sleep app aimed at better supporting children's emotional health. The company aims to expand its presence in the European and Asian markets by the end of 2024, thereby increasing accessibility to its services for a broader audience.
The funding will primarily be directed towards product development and marketing initiatives to facilitate this expansion.
Current Investors
Accel, Index Ventures, SPARK Ventures
Primary Industry
Software
Sub Industries
Multimedia & Graphics, Gaming, Literary Publishing, Digital Media
Website
www.moshisleep.com
Verticals
Mobile Apps
Company Stage
Series B
Total Amount Raised
Subscriber access only
Mind Candy Ltd - timeline of key events
Mind Candy Ltd - financials
| Fiscal Year Ended | Dec 31, 2009 | Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 2,060,785 | 7,575,541 | 28,949,459 | 46,893,380 | 30,560,692 | 13,244,948 | 7,196,612 | 3,429,699 | 3,469,460 | 5,251,871 | 5,744,019 | 4,533,580 | 5,310,102 | - | - | - |
| % Revenue Growth (YoY) | - | 267.6% | 282.1% | 62.0% | (34.8%) | (56.7%) | (45.7%) | (52.3%) | 1.2% | 51.4% | 9.4% | (21.1%) | 17.1% | - | - | - |
| EBITDA (USD) | 158,571 | 803,317 | 10,574,961 | 11,398,782 | (801,269) | (9,999,533) | (6,222,732) | (3,406,921) | (180,000) | (2,137,825) | (4,088,990) | (3,972,682) | (1,649,701) | - | - | - |
| Operating Income (USD) | (150,738) | 342,738 | 9,819,666 | 10,052,426 | (2,853,947) | (13,666,998) | (9,844,758) | (5,280,563) | (790,949) | (2,725,894) | (4,885,381) | (5,014,550) | (2,673,093) | - | - | - |
| Operating Margin | (7.3%) | 4.5% | 33.9% | 21.4% | (9.3%) | (103.2%) | (136.8%) | (154.0%) | (22.8%) | (51.9%) | (85.1%) | (110.6%) | (50.3%) | - | - | - |
| % EBITDA Margin | 7.7% | 10.6% | 36.5% | 24.3% | (2.6%) | (75.5%) | (86.5%) | (99.3%) | (5.2%) | (40.7%) | (71.2%) | (87.6%) | (31.1%) | - | - | - |
| NET Income (USD) | (53,021) | 1,208,630 | 7,421,372 | 8,063,299 | (2,239,372) | (14,073,176) | (10,386,385) | (6,160,288) | (1,781,798) | (3,754,485) | (6,166,498) | (6,879,049) | (4,187,772) | - | - | - |
| % Net Margin | (2.6%) | 16.0% | 25.6% | 17.2% | (7.3%) | (106.3%) | (144.3%) | (179.6%) | (51.4%) | (71.5%) | (107.4%) | (151.7%) | (78.9%) | - | - | - |
Mind Candy Ltd - employee data
Mind Candy Ltd - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| Board Member | BM |
BM Board Member
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