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Monday, February 26, 2024

Finnish edtech startup raises €1M in a bridge financing round

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Kide Science, based in Helsinki, has collected €1 million in a bridge financing round which brings their total seed funding up to €3.2 million. The round was led by Sparkmind Fund and joined by Tesi (Finnish Industry Investment Ltd) along with an R&D loan from Business Finland. Founded by three female founders, Jenni Vartiainen, Sari Hurme-Mehtälä, and Aino Kuronen, Kide Science provides a platform for teachers to teach 3-8-year olds with stories and play. The financing round will keep the startup afloat on its way to US partnerships and expand into new fields of learning. They will continue their operations under the simplified logo ‘Kide’.

Kide Science wins the Education Finland Award and raises €1M bridge round before starting a partnership with DreamWorks Animation

Kide Science has raised 1 million euros; which will support their new and exciting bid to expand from primarily science education, into all early years subjects.

The financing round was led by Sparkmind Fund, in syndication with Tesi (Finnish Industry Investment Ltd) and also included an R&D loan from Business Finland. This significant investment will take the company’s total seed funding to €3.2m since launching in December 2017.

Kide Science

Kide Science has already transformed the way over a million children, parents and teachers learn together through stories and play. The company’s aim has always been to motivate children to learn how the world around them works, whilst also striving to ease a busy teacher’s life with ready-made lesson plans based upon a child’s sense of wonder.

Now Kide Science wants to do more. With this funding, and under the simplified logo ‘Kide,’ the company will be developing more holistic activities to suit all different learning areas.

Kide Science, Jenni Vartiainen“Our research and feedback from customers shows that a child’s imagination can help learning in more areas than just science – there’s really compelling evidence that shows hands-on learning through stories and play is effective in all areas: we’ve seen it help develop skills in maths, language, social emotional learning and social studies. It’s incredible, really.” says co-founder Jenni Vartiainen, whose doctoral thesis is the origin of Kide Science.

This big foray into a more expanded field has already started with a bang – Kide have forged a partnership with DreamWorks’ Gabby’s Dollhouse. A wide range of lesson plans and activities have been created; to be used in tandem with the hit Netflix show. These are available now on Kide’s teacher platform.

The new investment will also focus on accelerating Kide’s growth in the US – enabling Kide to pursue new US partnerships and explore key international homeschooling markets. In addition, a senior UX designer and Head of Product will be hired who will develop the current product into a more streamlined, yet enhanced user experience.

Kide Science

Closer to home, in June 2022 Kide Science won the First Education Finland Award as the best learning solution for international markets. Consideration was given to the impact, innovativeness and scalability of the solution; the pedagogical quality and background of the solution, as well as the technical quality, accessibility and support a company provides. The jury also paid attention to the business model and its ethical sustainability, “Kide Science is an inspiring solution that sparks the desire to learn and experiment. It provides insights and a joy of learning and appeals to a wide audience. The jury sees the solution’s massive potential to be an impressive, significant, and even world-changing solution.” The jury consisted of Tuomo Puumala from the Finnish Ministry of Education and Culture, Minna Kelhä from the Finnish National Agency for Education, Aija Bärlund from FIBAN, Mika Ihamuotila from Marimekko, Lenita Toivakka from Chamber of Commerce as well as Jarmo Viteli from the University of Tampere.

Click here to read more funding news.

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Nurcin Metingil
Nurcin Metingil
A permanent student, a passionate first reader and nowadays doing master’s degree in Publishing Management. Beside these, I am up for games! I have been playing games since I was 6. Now, I am whispering "Business. Business. Numbers. Is this working?"

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