Munich-based Edurino, an edtech startup, announced on Thursday that it has secured €10.5M in a Series A round of funding led by DN Capital and joined by Tengelmann Ventures and FJ Labs.
Existing investors btov Partners, Jens Begemann, and Emerge Education also participated in the round. To date, the German edtech firm has raised €14.5M in funding.
Edurino says it will use the funds to expand globally and further develop its product offering for preschool and primary school children, as well as its features for parents and educators.
The announcement comes after raising €3.35M in February last year.
Irene Klemm and Franziska Meyer, Founders of Edurino, say, “In 10 years, 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.”
Edurino: Teaching children 21st century skills
Edurino was founded in 2021 by Franziska Meyer and Irene Klemm in collaboration with educators and occupational therapists to provide children (from 4 to 8+ years) with a safe introduction to digital learning through gamified lessons.
The company does this by combining a digital learning app, haptic play figures, and an ergonomic stylus.
Last year, Edurino signed with over ten major retail partners and online stores in the DACH region.
These include well-known book, electrical and toy retailers such as Media Markt, Saturn, Müller, Thalia, and My Toys.
Edurino claims that over 160 educational institutions use Edurino for digital preschool lessons, and over 100,000 products have been sold to families in the DACH region.
DN Capital
DN Capital is a European early-stage venture capital firm focusing on Seed, Series A, and select Series B investments in software, fintech, marketplace, and consumer internet.
DN was an early backer in companies such as Shazam, Endeca, Auto1, GoStudent, Job and Talent, Mister Spex, Hometogo, OLX, Remitly, and Quandoo.
Nenad Marovac, Investor at DN Capital, says, “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.”
