Children's Book App Publisher Receives $2 Million Investment

The investment finalizes the merger between Santa Barbara, Calif.-based FrogDogMedia and Germany's Zuuka GmbH, which have combined under the Zuuka Group name and will continue to publish under the company's iStoryTime label.

"The exciting growth of the mobile marketplace provides excellent opportunity within the children's content industry," said Jens Munk, managing director at CFP& Founders Investments. "iStoryTime makes an excellent addition to our portfolio with its proven track record and is well positioned to take advantage of this mobile entertainment revolution."