TAL Education Group Buys Codemonkey for $20 Million
Tel Aviv-based Codemonkey develops game-like computer programming tutorials for kids
Meir Orbach | 13:11 04.12.2018
Nasdaq-listed, Beijing-headquartered educational service company TAL Education Group has bought Israeli game-based learning startup Codemonkey Studios Inc. for $20 million, the latter announced Tuesday.
For daily updates, subscribe to our newsletter by clicking here.Tel Aviv-based Codemonkey develops game-like computer programming tutorials for children and markets its products in Israel, the U.S., and ten other countries in Asia, Europe, and South America. In Israel, its tutorials have been incorporated into the national education system, with 250,000 students learning to code through the Codemoneky platform each year. Founded in 2013, the company raised $2 million to date. Codemonkey employs a team of 15 people.