Kiwi Crate, a Mountain View, CA-based newly launched subscription-based service that produces and delivers hands-on activities for kids, has raised $2m in seed funding.
The round was led by First Round Capital, with participation from the Mayfield Fund, Comcast Ventures, Felicis Ventures, Forerunner Ventures, Consigliere Brand Capital, UJ Ventures, 500 Startups and individual angel investors Raymond Tonsing and Seth Goldstein (co-founder of Turntable.fm).
Co-founded by CEO Sandra Oh Lin and Yael Pasternak Valek, Kiwi Crate offers products and all the necessary materials, ideas and instructions for a variety of activities, which are designed to inspire creativity and curiosity in children. They are delivered monthly. Subscriptions are $19.95 per month, or $220 for one year.
http://youtu.be/Izf1rnbVsgw
In conjunction with the funding, Josh Kopelman, Managing Director of First Round Capital, joined Kiwi Crate’s Board of Directors.
The company si currently hiring (http://www.kiwicrate.com/jobs).
FinSMEs
11/10/2011