Be Curious Partners Invests In Kinedu, New Baby Development App
With a surge of new millennial parents, Be Curious Partners Venture Capital Fund continues to invest in companies that are reinventing and making parenting easier
ATLANTA, Sept. 13, 2018 /PRNewswire/ -- This week, Be Curious Partners closed on a new investment in the baby learning and development app, Kinedu. As a global fund focused on investing in parenting-centric startups, it assists in company growth through building two-sided marketplaces, platforms, media, and consumer products. Recently, Be Curious Partners also completed its investment in Caribu.com, a video calling app that connects families who are separated by distance and makes it easy to read, draw, and communicate over screens. Since the fund's founding less than a year ago, it has invested in five companies that create solutions for the unique challenges parents face today.
"We are pleased to be investing in Kinedu and Caribu," said Ryan Gunnigle, co-founder and General Partner of Be Curious Partners. "Both of these companies help parents connect with their children while using technologies and ideas that are new to parenthood. Core to the fund's mission of reinventing parenthood by investing in the companies that are solving for parents' pains, we're excited to add Caribu and Kinedu to Be Curious Partners' portfolio."
Kinedu offers personalized age and stage-based developmental activities for parents or caretakers to do with newborns to two-year-old children. Kinedu creates content that helps parents and caregivers understand their babies' growth, learn about early childhood development, and guide their babies' development.
Caribu, another platform startup, allows family members and care givers who are separated by distance to read and draw with children through an interactive video-call from anywhere in the world. The in-app bookstore includes numerous titles from top publishers, and is available in six languages.
Be Curious Partners recognizes it's a unique time for families in America, as a new wave of parents with new ideas will start and grow families in coming years. Thirty percent of the U.S. population are millennials, representing more than 90% of all first-time parents. Currently, only 20% of millennials have children. This means there will likely be a surge of new families in the coming years. As more millennials become parents, there is a need for innovation.
Now is the best time for entrepreneurs to create solutions for parents and help reinvent parenthood for the next generation, especially considering that purchases made by moms make up 85% of all consumer purchases in the U.S.
Co-founder of Be Curious Partners, David Butler, said, "The millennial parenting population will only grow larger and larger, and they will be searching for solutions that are catered to their specific needs, tastes and parenting approaches. Be Curious Partners is proud to invest in companies that want to make parenting easier for these new parents, and our model is designed for co-creation."
In less than a year, the Be Curious Partners Fund 1 has successfully invested in five start-ups. Before investing in Kinedu and Caribu, Be Curious Partners invested in Motherly, KIDBOX, and Wonderschool.
Motherly, a modern #momlife manual, is the fastest growing media company focused on millennial moms. KIDBOX delivers a personalized box of style for children, made from the hottest brands at amazing value. Time-starved parents appreciate the convenience and the company's social mission, which sends new clothing to a child-in-need for every box purchased by customers. Wonderschool's mission is to provide quality childcare to every child in the world. Providing a "preschool in a box" model, they assist in everything needed to start infant and toddler programs.
"The two new investments with Kinedu and Caribu have nicely rounded out our first fund, but we are only getting started and we plan to continue growing it," says Ross Kimbel, co-founder of the fund. "We are looking to invest in an additional eight-10 companies that are passionate about creating solutions for the unique challenges parents face today."
Be Curious Partners invests in early stage (pre-B round) companies that have a goal of creating solutions that make parenting easier. The company co-creates with entrepreneurs who are interested in making better solutions to age-old parenting problems.
About Be Curious Partners:
Be Curious Partners is a venture capital fund, which partners with and invests in parenting-focused startups by entrepreneurs who are interested in reinventing parenthood for the new generation. Along with capital investments, the company gives its portfolio companies unique access to resources and leadership, which helps support their high-growth potential. In the midst of its first fund, which has been built in less than a year, Be Curious Partners has invested in five companies: Kinedu, Caribu, Motherly, KIDBOX, and Wonderschool. The company plans to invest in an additional eight-10 companies to complete it first fund. Those inspired to reinvent parenthood should visit Be Curious Partners at https://www.becuriouspartners.com/.
SOURCE Be Curious Partners