BEGiN, the NYC-based company behind the early learning program Homer, closed a $50m Series C funding round.
Backers included Lego Ventures, Sesame Workshop, the principal investor in Gymboree Play & Music, 3One4 Capital, Trustbridge Partners and Interlock Partners. Liquidity Capital also contributed an additional $25m in trajectory-based funding for growth.
The company will use the funding to 1) launch a comprehensive early learning program across digital, physical, and in-person experiences 2) co-develop curriculum alongside partners such as Sesame Workshop and 3) launch globally through distribution partners such as Gymboree Play & Music.
Led by Neal Shenoy, CEO, and Stephanie Dua, president, BEGiN is the parent company of Homer, which is to launch a comprehensive early learning program, offering an expanded curriculum across reading, math, creativity, socio-emotional learning (SEL) and critical thinking skills delivered across digital, physical, and in-person learning experiences. The program is based on The HOMER Method, a proprietary, expert-designed and research-based framework designed to give children the best start to their learning journey.
The company is also adding several new members to its Board of Directors, headed by new Executive Chairman Siddharth Mathur, former Chief Strategy and Development Officer for Mattel and President of Babytree.
Steve Youngwood, President of Media & Education and Chief Operating Officer of Sesame Workshop, Jyoti Parikh, Head of Brand, Insights & Communication at LEGO Education, Xinkai Chen, Group Senior Vice President of Gymboree Global Education Group, and Michael Cohn, Partner at GSV will also join the Board of Directors.