K-12 Dealmaking: Ed-Tech Startup Raises $400K; Polish Company Completes $3.41M Round
Egyptian ed-tech startup Crafty Workshop raised $400,000 in a seed funding round led by EdVentures, an ed-tech-focused corporate venture capital firm in the Middle East.
Founded in 2019, Crafty Workshop is an online learning platform that provides courses and workshops across various fields.
The company plans to use the funds to expand product offerings to include 500 subjects in the creative industries by 2024, to develop a specialized product for schools involved in creative productions, and to expand to the Gulf Region.
“Our initial investment in 2019 marked the beginning of a successful partnership, and since then, Crafty has made remarkable strides in both the Egyptian market and the Gulf region,” said Maged Harby, general manager of EdVentures, in a statement.
Poland-based company completes funding round. LiveKid, a management application provider for kindergartens and nurseries based out of Poland, has raised €3.14 million, or roughly $3.41 million, in funding, led by Inovo VC.
The company plans to use the new capital to expand into the Latin American market, including Portugal and Brazil, and to introduce the Portuguese language into its platform.
LiveKid has plans to open an office in Mexico in 2024, hiring 20 people.
Founded in 2017, LiveKid’s platform includes tools for staff, administration, and communication, such as an account reconciliation system, mobile payments, internal messenger, and virtual corkboard with comments.
The company says the application is used by almost 3,500 kindergartens and 400,000 parents across Canada, Poland, and Spain.
This funding round is the second time the company has raised capital from external investors, following a €2.1 million, or roughly $2.28 million, round in 2021.
In summer 2022, the company also acquired its Spanish competitor, Dinantia.
Business management software provider acquired. DaySmart Software has acquired Sawyer, which provides business management software for the children’s activities market.
Terms of the deal were not disclosed.
DaySmart Software, based out of Michigan, provides vertically focused business management software.
The acquisition expands the company’s offerings to include scheduling and payments functions for K-12 extracurricular activities.
Sawyer was founded in 2015, in Brooklyn, New York. Leonis Partners served as financial adviser to Sawyer during the acquisition process.
“With the addition of Sawyer, DaySmart offers the broadest range of recreation-focused business software and services in the market,” said Pat Shanahan, CEO of DaySmart. “We are delighted to welcome the Sawyer team to DaySmart and serve our customer base together.”
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