Enuma, Inc. Closes $4M Led by Impact Investors

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Berkeley-based digital learning company, a top-five finalist in renowned global competition, raises funds to solve one of humanity’s toughest challenges.

Enuma, a company devoted to creating accessible learning applications for children around the world, announced that it has closed a $4M financing round.

Enuma develops game-based education software to help all children — particularly those who struggle to learn due to physical, cognitive, cultural or economic constraints — learn basic reading, writing and math independently. Enuma is best known for Todo Math, a multiple-award winning math app that launched in 2014 and has charted more than five million downloads worldwide. To provide early education to children in developing countries, Enuma developed Kitkit School, which was selected as one of five finalists in the ongoing $15M Global Learning XPRIZE competition.

“Digital education for young children has demonstrated its merits and effectiveness in developed countries, and the market is beginning to mature,” said Enuma Founder and CEO Sooinn Lee, who is also an Ashoka Fellow. “With this investment, we will develop partnerships around the world and create a viable model to reach children who are underserved by traditional education systems.”

The Seoul based impact investors YellowDog, HG Initiative and C Program led this round of financing. NX Venture Partners and DSC Investment also participated. “We decided to invest in Enuma because the company’s vision of creating a world where all children become independent learners resonated with us deeply,” said Hyunjoo Je, Director of YellowDog. “I am especially pleased to invest alongside other institutions that share our philosophy of impact investing. Together, we will support Enuma as it continues to lead the field in creating a new model of early education.”

About Enuma
We design accessible games and applications that help all children learn independently. Our name Enuma comes from the word enumerate, or to name one by one, which underscores our commitment to every child’s individual success. Our headquarters is in Berkeley, with offices in Seoul and Beijing.
For more information, visit http://www.enuma.com and http://www.kitkitschool.com.

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Eugine Chung
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