Kano has announced an investment from Sesame Ventures, which will serve as an extension of Kano’s Series B round of $28 million raised in November 2017.
Together, Kano and Sesame Ventures will explore future collaboration opportunities that will allow both companies to share knowledge, insights and best practices regarding parents, children and their interaction with technology from the very early stages of life.
Kano shipped its first “computer and coding kit for all” in September 2014, and is on a mission to give all ages “the power to understand, influence and create technology, not just consume it”.
With more than a quarter million makers in 150 countries, Kano kits have been used to create more than 53 million lines of code, and counting. People have submitted more than 550,000 creations, from music to art, games to apps and more.
“Educational computing for kids is an emerging field,” said Alex Klein, Kano’s CEO and co-founder “and with the investment and confidence of Sesame Ventures, part of the same organisation behind the iconic brand Sesame Street, Kano will have the opportunity to define a new developmental framework – coupled with an ecosystem of media and products that will help kids ‘level up’ as they grow older.”
Tanya Haider, executive vice president for Strategy, Research, and Ventures, Sesame Workshop, added: “With Sesame Ventures, our goal is to aid entrepreneurs whose work closely aligns with our mission of helping kids grow smarter, stronger, and kinder.
“We are pleased to partner with Kano and, in the future, explore the creation of products, content, and research that positively impact the way parents and children approach and learn about technology.”
In 2017, Kano established its position as a leader in the STEM category with one of the largest European consumer hardware funding rounds of the year, fuelling a year of international expansion. The company introduced a new line of DIY computing kits in more than 4,500 retail stores across North America and Canada, partnering with Amazon, Best Buy, Microsoft, Target and Walmart.
Kano kits are also now present in more than 3000 schools and educational programs worldwide, where teachers use them to demystify computers, art, music, history and math.