Encantos, a Culver City, Calif.-based edtech company focused on enabling kids to learn skills through digital and physical play, raised $5.7m in seed funding.
The company closed a $3.2m series seed round led by Precursor Ventures with participation from Angeles Ventures, Concrete Rose Capital, Metrodora Ventures, Next Play Ventures, Portfolia’s Rising America Fund, Revolution’s Rise of the Rest Seed Fund, Patty Arvielo, Spencer Rascoff, Human Ventures, Kapor Capital, and MathCapital. The seed round follows an earlier note financing of $2.5m, which included existing and new investors such as Baron Davis, Angel Morales, and Encantos Chairman Sol Trujillo. Precursor Ventures partner Charles Hudson has joined the board of directors in connection with the financing.
The new round, which brings total funding to $8.5m, will allow Encantos to accelerate its subscription services.
Launched in 2016 and led by Co-Founders Steven Wolfe Pereira (Chief Executive Officer) and Susie Jaramillo (President and Chief Creative Officer), Encantos is an edtech company that delivers subscription services which offer entertaining and engaging digital and physical learning products for pre-school and primary school-age children. Focused on teaching 21st century learning, literacy, and life skills, the company builds direct-to-consumer brands in a blended learning approach, so that the subscription apps and boxes, animated series, books, puzzles and games all work together to inspire kids to learn through play. Its family brands include bilingual preschool brand Canticos, the Day of the Dead-inspired resilience brand Skeletitos, and the adventure-based travel brand Tiny Travelers.
21st century skills include learning skills (i.e., creativity, communication, collaboration, culture, and critical thinking), literacy skills (i.e., civics, environmental, financial, health and wellness, and STEAM) and life skills (i.e., adaptability, entrepreneurship, leadership, responsibility, and social-emotional).
The company has also announced two additions to the management team including Julie Fleischer, Chief Growth Officer, and Taylor Margis-Noguera, Chief Operating Officer.
FinSMEs
19/11/2020