Subscription-model learning platform secures £1m in pre-seed round
A London subscription-based edtech company has completed a £1m pre-seed round to develop its platform and expand operations.
Banjo Robinson, which aims to turn learning into a game for children around the world, has secured the funding in a round led by Collab+Sesame, a partnership between Sesame Ventures and the Collaborative Fund.
Created in 2018 by founder Kate Boyle, Banjo Robinson was first supported by the Government’s New Enterprise scheme, before being chosen to participate in Techstars 2019 London Startup Accelerator programme.
The new financing will enable the firm to further develop its first subscription product, featuring an interactive pen-pal concept designed to develop literacy skills.
Kate Boyle, CEO and founder said, “I was a huge fan of Sesame Street as a child, and couldn’t imagine a more perfect lead investor than Collab+Sesame, who share our values of kindness, communication, learning through play, and humour.
“We’re looking forward to working closely with Sesame Workshop to help us develop Banjo Robinson into an even more valuable experience for children and families.”
Taylor Greene, partner at Collaborative Fund, added: “The team at Banjo Robinson have created a product which is totally aligned with our thesis of ‘better for you’ + ‘better for the world’.
“It enriches the home learning environment, creates opportunities for connection, encourages creativity, time away from screens and is educational without children noticing. We’re incredibly happy to be working with Kate and the team.”
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