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 $1.3m in seed funding, led by Be Curious Partners and Houlihan Lokey managing director John Cooper. The start-up has developed an app that enables absent parents and their children to read and draw together via video call. The Miami-based company claims the app is used in more than 140 countries. The service is available through a $6.99 monthly subscription or at no cost for military families. Other investors included AT&T and Revolution's Rise of the Rest Seed Fund.