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.

Learn more about EdSurge operations, ethics and policies here. Learn more about EdSurge supporters here.

More from EdSurge

Get our email newsletterSign me up
Keep up to date with our email newsletterSign me up