A venture fund formed by the company behind the beloved TV show “Sesame Street” has invested in a start-up that wants computer building and coding to return to the forefront of consumer technology.
Kano, known for its do-it-yourself computer building kits for kids, said that it had bagged the funding from Sesame Ventures, the social-minded venture arm of Sesame Workshop, to help it fuel growth and work on new products.
The investment was part of a $28 million funding round Kano scored last year, however the companies did not disclose how much has been poured into the start-up in this latest injection of cash.
Klein said that the latest capital would help Kano expand its product offering beyond computer building kits into new areas like the blockchain.
From Sesame Ventures –
Sesame Ventures – Helping Launch Mission-Aligned Startups
Sesame Workshop is always searching for ways to help kids grow smarter, stronger, and kinder. With Sesame Ventures, we can aid entrepreneurs whose work closely aligns with that mission – and help more children in the process.
Sesame Ventures will partner with the best emerging companies innovating in education, health, and social welfare for kids. Besides investment capital, Sesame Ventures portfolio companies will have access to Sesame Workshop’s expertise in early childhood development, research, kid-centric design thinking, and whole-child curriculum accumulated over nearly five decades of child-focused advancement.