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Encantos Scores $5.7M

2020-11-19
CULVER CITY, CA, Encantos has raised $5.7 million from a group of renowned investors.
Encantos, an award-winning edtech company focused on helping kids learn 21st century skills through digital and physical play, today announced it has raised $5.7 million from a group of renowned investors. Encantos closed a $3.2 million series seed priced round led by Precursor Ventures with participation from Angeles Ventures, Concrete Rose Capital, Metrodora Ventures, Next Play Ventures, Portfolia's Rising America Fund, and Revolution's Rise of the Rest Seed Fund. Among the additional investors are New American Funding President Patty Arvielo and former Zillow CEO and Co-Founder Spencer Rascoff, as well as early investors including Human Ventures, Kapor Capital, and MathCapital. The series seed priced round is the result of broad demand following an earlier note financing of $2.5 million, which included existing and new investors such as NBA All-Star and serial entrepreneur Baron Davis, private equity executive and Morales Capital CEO Angel Morales, and international business executive and new Encantos Chairman Sol Trujillo.

The new round of financing brings the company's total funding to $8.5 million and will help Encantos accelerate its subscription services that deliver entertaining and engaging digital and physical learning products for pre-school and primary school-age children. Precursor Ventures partner Charles Hudson has joined the Encantos board of directors in connection with the financing.

Encantos is an edtech company that creates award-winning storytelling to make learning fun. Focused on teaching 21st century learning, literacy, and life skills, Encantos builds direct-to-consumer brands that kids and parents love. These brands come to life in a blended learning approach, so that the subscription apps and boxes, animated series, books, puzzles and games all work together to inspire kids to learn through play. Encantos' family brands include the Emmy-nominated and 2 times Kidscreen award-winning #1 bilingual preschool brand Canticos, the Day of the Dead-inspired resilience brand Skeletitos, and the adventure-based travel brand Tiny Travelers. Encantos has received numerous industry awards and accolades from the AP, ASU GSV, CNN, Common Sense Media, Forbes, Kidscreen, Kirkus Reviews, NBC News, The New York Times, NPR, Parents Magazine, Publishers Weekly, Romper, School Library Journal, Univision and USA Today. Headquartered in Culver City, CA, Encantos is a proud Latinx-led and women-owned public benefit corporation that puts diversity, equality, and inclusion at the heart of everything it creates. For more information, visit encantosbrands.com and follow @encantosbrands on Instagram and Twitter.
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