Jaranda Raises $2.6 Million to Connect Families and Teachers

Financing

Jaranda Raises $2.6 Million to Connect Families and Teachers

Jun 15, 2019

CONNECTION REQUEST: Jaranda, a Seoul-based company that connects families with teachers who make home visits for tutoring and caretaking, has raised 3.1 billion won (about U.S. $2.6 million) in a Series A round. Kakao Ventures, 500 Startups, Woori Bank, D. Camp, Daekyo Investment and KEB Hana Bank participated.

Founded in 2016, Jaranda claims to have about 16,000 after-school instructors who look after children 4 to 13 years old, according to The Investor. The company claims that 77 percent of customers use the service for at least three consecutive months. Jaranda previously raised 900 million won (about $759,000).

Last year, Daekyo bought math program KnowRe for an undisclosed amount.

 

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