Edurino, a Munich-based female-founded EdTech startup, recently announced that it has raised €10.5 million in its Series A round led by DN Capital with participation from FJ Labs and Tengelmann Ventures — the early-stage VC formerly aligned to Tengelmann Group. The funding round also witnessed participation from Existing investors btov Partners, Jens Begemann and Emerge Education.
With this investment round, the German startup plans to work towards its international expansion in the DACH region.
Founded in 2021 by Irene Klemm and Franziska Meyer, Edurino is a hybrid learning platform that offers children from 4 to 8+ years a safe introduction to digital learning by combining a digital learning app, haptic play figures and an ergonomic stylus. The company believes that a diversity of perspectives, ideas and cultures leads to the development of better products. It 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.
Speaking about the platform, Co-founders of Edurino, Irene Klemm & Franziska Meyer, said in a press statement:
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 digital education chapter 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.
Edurino claims that over 160 educational institutions use the platform for digital preschool lessons, and over 100,000 products have been sold to families in the DACH region. Last year, the firm signed with over ten major retail partners and online stores in the DACH region. These include a book, electrical and toy retailers, such as Media Markt, Saturn, Müller, Thalia and My Toys. It currently employs a remote team of over 45 people.
Commenting on the fundraising, Investor of DN Capital, Nenad Marovac said:
At DN Capital, we uncover entrepreneurs building global businesses that change industries. Irene and Franziska are precisely 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.
Dr Götz Müller & Julia Lang from Tengelmann Ventures commented:
The new normal in a post-Corona pandemic world requires effective digital education solutions 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.
In February 2022, Edurino raised €3.35 million in a funding round led by btov Partners, with backing from Emerge Education and Fabian and Ferry Heilemann through Pirate Impact.
