Focused on science-based education for young children, the company intends to use the secured financing to expand its solutions from primarily science education into all early-years subjects. In addition, the financing will spur Kide Science’s growth in the US market, which is supported by the new contract with DreamWorks and the company’s recently won Education Finland award – a first in history.
”Kide Science evokes the will to learn and explore in children. The innovative solution based on play and stories has great potential, and we are happy to support the growth story of the company,” comments Miia Kaye, Investment Manager at Tesi.
The financing round was led by Sparkmind.vc, a venture capital firm investing in edtech sector. Tesi’s investment was made from the Venture Bridge special investment programme, established to mitigate the effects of the corona pandemic and closed for initial investment in March 2022. Applications received by the deadline were processed normally.
Tesi (Finnish Industry Investment Ltd) is a state-owned investment company that wants to raise Finland to the front ranks of transformative economic growth by investing in funds and directly in companies. We invest profitably and responsibly, together with co-investors, to create the world’s new success stories. Our investments under management total 2.4 billion euros. www.tesi.fi | @TesiFII