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Yuna raised $1.6M in a pre-seed round led by Canary to develop its AI-powered edtech mobile app for promoting reading habits in children.

May 01, 2024•about 1 year ago

Amount Raised

$1.6 Million

Round Type

seed

Sao PauloInformation TechnologyMachine LearningArtificial Intelligence

Investors

Positive VenturesCanary

Description

Brazilian edtech Yuna raised a $1.6M pre-seed round led by Canary. Positive Ventures also participated in the round. The funds will be used to further develop its technology, grow its team, and consolidate its brand.

Company Information

Company

Yuna

Location

Sao Paulo, Sao Paulo, Brazil

About

Yuna is a Brazilian AI-powered edtech company that leverages artificial intelligence to create interactive and personalized children’s books with the aim of promoting reading habits during formative years. The company was founded in 2023 and has already impacted over 40,000 families through its mobile app.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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