Chan Zuckerberg Ventures, a private investment company run by Facebook owner Mark Zuckerberg and his wife Priscilla Chan, invested approximately $11 million (i.e. over PLN 40 million) in the new start-up Yoto. Previously, he invested in this company, among others: famous musician Paul McCartney – says “”
Mark Zuckerberg invests in Yoto. The company creates screen-free speakers for children
Yoto, the manufacturer of an innovative speaker without a screen, gained a total of approximately $23 million from investors. A device called Yoto Player is extremely popular among parents. The speaker allows children to play music and audiobooks thanks to cards that need to be inserted into the device’s reader.
The popularity of the speaker is due to the fact that it has neither a microphone nor a screen, which means that it does not display any annoying advertisements and is safe for the eyes. This simple player is available to children from the age of three.
A UK company creates screen-free speakers for children
Yoto was founded in London in 2015 by Ben Drury and Filip Denker. The company began creating its speakers to protect children from phone, smartphone and computer screens, as well as the Internet. The problem with screens is so great that .
In 2022 (the latest data available), Yoto had sales of approximately $35 million. The company is currently valued at approximately $181 million.
Source: Gazeta
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