USA – Enuma, a Berkeley, CA-based education technology company, closed its $9m Series B financing round.
YellowDog’s Director, Hyunjoo Je, led this round with participation from SKS PE, SK Holdings, Kakao Ventures, and Shinhan Alternative Investment from Korea, the Kuok Group from Malaysia, and the HEAD Foundation from Singapore. Founded in 2012 and led by Sooinn Lee, CEO, Enuma has developed game-based self-directed applications for children to help them acquire foundational math and literacy skills without adult support. Its flagship product, Todo Math, has recorded over 8 million downloads worldwide since its launch in 2014. Last month, the company launched a new app, Todo English, in Korea, which combines game-based learning activities, worksheets and videos while sharing progress reports with parents through chatbots. Enuma is also active in addressing the inequities in education through its apps like Kitkit School, to tackle illiteracy of out-of-school children in developing countries, and Enuma Geulbang, which was developed to teach Korean literacy to children from multi-cultural families. The company also has offices in Seoul and Beijing.18/05/2020
