Dealflow | December 2, 2017

Edtech venture Kinedu raises $1.1 million

ImpactAlpha
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ImpactAlpha

The Mexican startup focuses on learning at the earliest stage: infancy.

Kinedu has developed an app that gives parents non-screen-based development activities for their babies. The aim is to help parents understand what activities support the development of the “right skills at the right time,” covering physical, linguistic, social, emotional and cognitive development.

DILA Capital, Promotora Social Mexico and Social+Capital led Kinedu’s financing round. The capital was committed as convertible notes — debt that can be converted to equity provided the company achieves certain (undisclosed) growth metrics.

Stella Maris, The Stanford-StartX Fund and Advenio, all prior investors, also participated.