Parent to kindergarten contact app and platform LiveKid has raised $2.4 million in a seed round. The funding is expected to further accelerate expansion already underway in European markets including Spain, Switzerland, and Germany. With this raise, the Polish-founded company is now valued at $10.6 million.
LiveKid was founded by Jakub Pawelski and Mateusz Kulesza and counts over 150,000 monthly users and 1,300+ educational institutions utlising the platform, facilitating communication between parents and early educators. Children’s needs, absences, and/or food preferences can all be communicated, and parents receive updates throughout the day via photos and videos provided by educators.
LiveKid also provides critical administration services for the education facilities themselves including attendance checking, logs and reports, meal orders, and billing and payment options. With this last option, in June of this year alone, $3.4 million in revenues passed through LiveKid’s doors.
With more than 31 million children under the age of 6 in European countries (6.1% of the population), and the widespread adoption of digital services in child education, LiveKid is sitting in a market that has a projected value of $520.4 billion by 2022 (based on a projected 11.3% CAGR).
JR Holding and Nunatak Capital led the seed funding round, with Imperio participating.
“The founders of LiveKid in just three years, without any external funds, built a great application that conquered the Polish market, generating millions of dollars in revenues. I believe that thanks to the capital injection, in a few years, LiveKid will become the undisputed market leader all over Europe,” commented JR Holding’s January Ciszewski.
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