Educational gaming company Bomerbot receives $750,000 investment
Educational gaming firm Bomerbot has received €750,000 ($796,000) from Dutch private social impact fund Social Impact Ventures. The Amsterdam-based company trains users in coding and programming skills and has now raised more than €1.2m in total funding. The latest funds will be used to grow the company and boost development, with the aim of reaching at least one million users in the next five years. Over 80,000 children currently use the platform, the company said.

BOMERBOT, an educational gaming company focused on training users in coding and programming skills, has received nearly $795,000 USD (€750,000) from Social Impact Ventures, a Dutch private social impact fund. The investment brings Bomerbot’s total funding to more than $1.27 million USD (€1.2 million). According to a blog post on xEdu, an accelerator program that Bomerbot participated in 2016, this round will be used to expand the company and further product development to reach at least 1 million users in the next five years. The Amsterdam-based company claims more than 80,000 children currently use the platform.