Edtech company Encantos announced it has raised $5.7 million from several investors.
Launched in 2016 and led by co-founders Steven Wolfe Pereira (Chief Executive Officer) and Susie Jaramillo (President and Chief Creative Officer), Encantos’ offerings are designed for parents who are focused on teaching their kids 21st-century learning, literacy, and life skills but do not have the time or resources to curate the lessons, develop the experiences, and provide the necessary materials. 21st-century skills include learning skills (i.e., creativity, communication, collaboration, culture, and critical thinking), literacy skills (i.e., civics, environmental, financial, health and wellness, and STEAM), and life skills (i.e., adaptability, entrepreneurship, leadership, responsibility, and social-emotional). And with its learner-centered approach to education that engages children through character-led, story-based play experiences, Encantos develops its subscription products and services with an accomplished in-house curriculum and learning design team along with an advisory council of education experts.
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.
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