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Encantos locks in US$2 million in seed funding

Best known for its Canticos brand, Encantos will use the funds to build new educational kids subscription services.
January 27, 2020

California-based edutainment company Encantos Media Studios has raised US$2 million in seed funding, with investments from Kapor Capital, Boston Meridian Partners, Chingona Ventures, the Goldhirsh Foundation, Human Ventures and MathCapital. Several angel investors also participated in the new financing round, including Tom Chavez (CEO of super{set} Startup Studio), Rich Greenfield (Partner at LightShed Partners), Lydia Jett (Partner at Softbank), Michael Kassan (CEO of Medialink) and Antonio Lucio (CMO of Facebook).

Encantos plans to use the funds on subscription services for preschool and primary school children “that deliver…educational digital experience and physical hands-on craft activities,” according to the company. Currently, its bilingual property Canticos is part of Nickelodeon’s preschool SVOD app Noggin as part of its Spanish-language hub. Nickelodeon and Encantos also worked together to develop the first Canticos CP line across toys, accessories, publishing and home categories.

Founded in 2015, Encantos is led by co-founded Steven Wolfe Pereira (who stepped up as the CEO just last year) and Susie Jaramillo (president and CCO). It also launched new brand Tiny Travelers last year, which focuses on geography, language and culture.

Before this funding round, the company had raised US$800,000 in pre-seed funding from Kapor Capital, MaC Venture Capital, and Lightspeed Venture Partners Scout Fund and strategic angels.

About The Author
Alexandra Whyte is Kidscreen's News & Social Media Editor. Contact her at awhyte@brunico.com

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