London’s Kano, makers of children’s DIY computers, has raised $28 million. Thames Trust and Breyer Capital led the Series B round with participation from Index Ventures, Stanford Engineering Venture Fund, LocalGlobe, Marc Benioff, John Makinson, Collaborative Fund, Triple Point Capital, and Barclays.
Kano manufactures DIY computer kits for children to learn how to build their own computers and how to code; alongside the new round of investment, Kano also announced the launch of a new line of computers and coding kits for children.
“Kano has grown into a category leader, with hardware and software that prepares all ages for the future,” commented Jim Breyer, CEO of Breyer Capital. “The financing, expansion into mass retail, and new products will expose the unique Kano experience to millions more.”
The company partners with several retailers, including Best Buy where it works with the Best Buy Foundation to provide coding and digital literacy training programs to underserved communities.
“These products will help youth learn about the physical and software components of computers, while providing invaluable educational skills in coding and programming. These skills are important for future generations to learn early on,” said Zayn Jaffer, vice president of emerging business at Best Buy Canada.
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