Munich-based female-founded edtech Edurino, a German language hybrid learning platform featuring an app and a toy fox named Mika, has just raised €10.5 million in a Series A funding round.
The round was led by London-based VC DN Capital which has backed several tech brands, including Shazam, Weezy, GoStudent and more. Further, the round was also joined by German VC Tengelmann Ventures that has invested in SumUp, Zalando, and Delivery Hero and one of the most active investors from the US, FJ Labs, which focuses on marketplace investments such as Alibaba, Coupang, and Flexport, and Konstantin Urban, the founder of Windeln.de.
Existing investors btov Partners, Jens Begemann and Emerge Education, participate again. In the 2022 seed funding round, the founders raised €3.35 million, in which serial founder and education expert Verena Pausder also participated.
Edurino was founded in 2021 by Franziska Meyer and Irene Klemm to provide preschool-age children with a safe introduction to digital learning through games. This was accomplished by combining a learning app with analogue play figures and an ergonomic stylus.
After a successful launch in the DACH region with more than 100,000 products sold, the startup plans to enter other European markets this year. It has already partnered with several retail brands, including Media Markt, Saturn, Müller, Thalia and My Toys. The additional capital will be used further to expand the sales channels in the DACH region.
With a remote team of 45+, they are providing children with the skills they need to thrive in the digital (working) world of tomorrow. Further, Edurino integrates traditional school competencies like reading, writing, and arithmetic with STEM subjects and beyond – such as logical reasoning, coding, natural science, creativity, and media literacy – into the key competencies necessary to succeed in the 21st century.
“At DN Capital we uncover entrepreneurs building global businesses that change whole industries. Irene and Franziska are exactly the sort of pioneers we love to work with, bringing their passion, expertise and drive to developing a hybrid learning platform that is truly fit for the needs of 21st century pre-schoolers, grounded in educational theory and offering a safe environment for digital learning. We’re thrilled to be the lead investor at Series A and know this startup will go far.” – Nenad Marovac, Investor at DN Capital.
“In 10 years time our children will be working in jobs that do not exist in this form today. To meet this skills gap, we have opened a new chapter of digital education with Edurino. Through the magic of games, we want to equip children with the skills and experience to understand and harness the positive power of digitalisation. The strong feedback from thousands of families and the collaboration with our partner kindergartens is driving us to expand Edurino globally.” – Irene Klemm & Franziska Meyer, Founders of Edurino.
“The new normal in a post-Corona pandemic world requires effective digital education solutions that are accessible to all. Edurino rethinks digital learning and builds the bridge between home and educational settings. Their unique approach has the potential to enable children from diverse backgrounds to learn skills and acquire knowledge relevant to the future before they even start school.” – Dr. Götz Müller & Julia Lang from Tengelmann Ventures.