Social media platform for children PixyKids has secured financing of $3 million including a $2 million investment by ATA Ventures and $1 million from other angel investors. Co-Founded by CEO, Rajul Kadakia, Kalpesh Savla, and Altaf Shaikh, the company also announced the appointment of Michael Adair as chief operating officer, Neil Markey as vice president, Engineering, and Kristen Alexander as vice president, Marketing.
“Parents are looking for sites they can feel good about, that help their kids develop socially, offer positive reinforcement, and are creatively enriching. Today’s kids are aspirational, tech-savvy, and have self-expression in their DNA. Both kids and parents are demanding a digital platform where they can share their everyday personal experiences, express themselves creatively, and build the lasting bonds that are so critical in these formative years,” said Rajul Kadakia, CEO and Co-Founder of PixyKids.