MGD Heroes Made Ltd. receiving a €300,000 follow- on investment led by Kinisis Ventures Fund I
13:11 - 08 May 2023
The Kinisis Ventures (KV) Fund I and Host Trust (the investment vehicle of the Kulik family), long-time partners of MGD Heroes Made Ltd., are making an investment of €300,000 in the Heroes Made seed funding round.
For the last six months, the Heroes Made platform has been in a full–blown pilot in private schools here in Cyprus. Heroes Made is an EdTech SaaS (software as a service) platform that delivers engaging - interactive, ready-made lessons for teachers/educators/counselors to use in their classrooms. The company's immediate focus is content specific to SEL [Social Emotional Learning] elementary-level curriculums.
"This strategic €300,000 capital infusion will further fuel our incredible momentum, including our entry into the USA, which is planned for the second quarter this year, in partnership with New Jersey and New York schools," commented Maria Howard, Founder, and CEO.
"Working with these incredibly innovative schools and their teams allowed us to evolve, fine-tune, and test our platform with teachers and students in live settings," Howard added, acknowledging the pilot period at private schools in Cyprus. "The valuable feedback, performance data, and new ideas that we gathered have enabled us to enhance and refine our platform for schools and prepare us to enter new markets such as the USA," George Tziazas, Co-Founder and Tech Guru added.
Heroes Made is currently in discussions with national USA edtech strategic partners and SaaS distributors as part of its expansion strategy. These partners will play a critical role in helping the company scale its international sales strategy.
Overall, it is expected that the demand for SEL instruction in schools will continue to grow in the coming years. Schools and educators are now prioritizing SEL as an essential component of education to support the well-being and success of students.
"According to a report by Markets, the global market for education technology is expected to reach $398 billion by 2030. The market is growing rapidly, and SEL tools and applications will eventually become classroom and household imperatives. Furthermore, there has been a significant increase in investment in SEL-related companies in recent years," noted Chris Droussiotis, KV Fund Investment Advisory Committee member, adding, "We are excited with what lays ahead for our Heroes Made team."