Mobile children's book app developer iStoryTime has received a $2 million Series A investment, which will allow them to expand their distribution and their digital books library, which currently has 100 titles in 80 countries. Corporate Finance Partners (CFP), a firm interested in content creation, new media and gaming, led the funding round.
iStoryTime's The Smurfs is currently the #1 children's book in the Apple App Store, and it is also known for the Kung Fu Panda 2 storybook and theTransformers Darkside fo the Moon Mix & Match app. The new funding will allow iStoryTime to compete with other children's book app developers like Oceanhouse Media and Callaway Digital Arts, which raised $6 million in Series A funding last November.
