Yogome, a leader on 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 that have been endorsed by Yale University. 95% of its subscribers come from the United States, Latin America and Southeast Asia, and it has presence in more than 50 countries.
With this investment round, Yogome, founded by Mexicans Manolo Diaz and Alberto Colin, sums a total of USD 10M raised to date and becomes the first 100% Mexican startup that raises Series A outside from the fintech industry, so far the largest round for an EdTech company in Mexico.
“As 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 it. 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 in scaling businesses, we have the key elements that we need to reach our goals.” said Manolo Diaz.
The funds obtained from the 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 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 challenging way and we are very much looking forward to support the company with our operational expertise in fast growing, internationally expanding businesses.”
Yogome creates learning through our fun and engaging game-based curriculum and captivating characters. More than 1,000 mini games and six different apps comprise this personalized learning platform certified by Yale’s Play2Prevent Lab. We are adding new content to the platform every month in eight different subject 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.
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.