Growth Capital supported FABA, the EduTech startup that blends smart toys with editorial audio content for children, in a €3.7 million Series A round.
The round was led by Oltre Impact and CDP Venture Capital SGR – Fondo Nazionale Innovazione, through the Fondo Acceleratori.
The funds raised will be used to strengthen FABA’s presence in the Italian market and accelerate its international expansion – the company aims to reach 10 countries by 2024.
FABA has quickly established itself as a leading brand in the “educational entertainment” space, thanks to its audio storytelling device that helps counter the overuse of smartphones and tablets in children’s daily lives.
“One of FABA’s greatest strengths has been its ability to enter the market by combining educational value with technological innovation. This approach has earned the trust not only of families but also of top-tier impact investors, who see in the storytelling device a product that draws from tradition while looking to the future,” said Marco Meoni, Associate at Growth Capital.
