TELL ME A STORY: Caribu, a Miami-based developer of an app that connects parents and children via video call for reading and drawing activities, has raised $1.3 million in a seed round led by Be Curious Partners and John Cooper, managing director at investment bank Houlihan Lokey. Other investors include Revolution’s Rise of the Rest Seed Fund and AT&T. Founded in 2015, Caribu’s digital library offers hundreds of books from brand-name publishers, and the company claims usage by parents and children across more than 140 countries. The startup offers this platform as a subscription service for $6.99 per month. (It’s free for military families, whose parents are often away from their children.)
Edtech start - up Caribu has raised $ 1.3 m in seed funding , led by Be Curious Partners and Houlihan Lokey managing director John Cooper . The start - up has launched an app that enables absent parents and their children to read and draw together via phone call . The Miami - based company claims the app is used in more than 50 countries . The service is available through a $ 500 monthly subscription or at no charge for military families . Other investors included AT&T and Revolution 's Rise of the Rest Seed Fund .