Yogome closes investment round of $6.6 million from Seaya Ventures and becomes a global leader in the EdTech sector.
- The investment round will allow Yogome to reach 1 million subscribers and continue with its geographical expansion.
- Yogome has become a global leader in digital education.
Jun 01, 2017, 10:00 ET
MEXICO CITY, June 1, 2017 /PRNewswire/ -- Yogome, a leader in digital education, closed its Series A round with an investment of USD 6.6M from the Spanish fund Seaya Ventures (investor of Cabify and SinDelantal). Additionally, under the leadership of Seaya Ventures, Variv Capital and Endeavor Catalyst had a stake in this round of investment.
Yogome is an innovative digital education platform with a collection of games for kids ages 6-11 endorsed by the Play2Prevent Lab at Yale University. 95% of its subscribers come from the United States, Latin America and Southeast Asia, and has a presence in more than 50 countries.
The funding brings Yogome's total funding to $10 million raised to date. Founded by Mexicans Manolo Diaz and Alberto Colin, Yogome is the first 100% Mexican startup that raises a Series A round outside the fintech industry and the largest round for an EdTech company in Mexico.
"As an entrepreneur, you look for investors that fall in love with your vision from day 1, and that is what we saw in Michael and Seaya's team since the start. Our objective is to become a global leader, and we are innovating every day in order to achieve that goal. We are in a high-growth space, and we are convinced that with the investment of Seaya Ventures, a global fund with a track record of scaling businesses, we have the key elements that we need to reach our goals." said Manolo Diaz.
The funds obtained from this round will allow Yogome to reach 1 million subscribers and to continue its geographical expansion to China, Korea and Japan.
Michael Kleindl, Co-Founder and Managing Partner of Seaya Ventures, now a member of Yogome's Board, said: "Manolo Diaz and his team have built a superb platform for kids edutainment. Yogome has positioned itself to become a global leader in this fast-growing market worldwide. We are extremely happy to have the opportunity to join Manolo and Yogome on this great challenge and look forward to supporting the company with our operational expertise in fast growing, internationally expanding businesses."
Yogome - Yogome creates learning experiences through a fun and engaging game-based curriculum as well as captivating characters. More than 1,000 mini games and six different apps comprise Yogome's personalized learning platform certified by Yale's Play2Prevent Lab. New content is added to the platform every month in eight different subjects for grades kindergarten through fifth, available in English, Spanish, Portuguese, and Simplified Chinese. Based in Mexico and the United States, Yogome develops its products for users in 50 different countries and is committed to helping all children learn and prepare for their future.
Website: www.yogome.com
Seaya Ventures - SEAYA VENTURES is a Spanish venture fund, founded in Madrid in 2013, that invests in early and growth stage Internet and technology-enabled businesses in Spain and Latin America. With more than €140M assets under management and offices in Madrid and Mexico City, Seaya transforms early and growth stage companies into category leaders at every level, helping them with their international expansion and creating lasting value. Seaya Ventures has invested in 15 companies so far: Ticketea, Restaurantes.com, Plenummedia, SinDelantal Mexico, Cabify, Comparaguru, Clintu, Percentil, Miora, Pippa&Jean, Spotahome, Hundredrooms, Glovo, Clicars and Yogome.
Website: www.seayaventures.com
SOURCE Yogome, Inc