Oltre Impact has become the lead investor in FABA, an Italian EduTech startup, by participating in a €3.7 million Series A funding round to address children's education and screen time issues.
Target Information
FABA is a prominent Italian startup operating in the EduTech sector, focusing on the integration of smart toys and engaging audio content for children. Recently, the company successfully secured €3.7 million in a Series A funding round, aimed at enhancing their innovative approach to early childhood education.
With a founding team that includes Matteo Fabbrini, Chiara Gava, Francesco Poloniato, and Alessio Polo, FABA aims to address the negative impacts of excessive screen time on children's development, which can lead to issues such as myopia, poor posture, and difficulties in concentration. The company has created a unique multimedia library tailored for children, projecting revenues exceeding €3 million for 2022.
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Industry Overview
The EduTech industry, notably in Italy, is experiencing substantial growth as technology increasingly permeates educational environments. The demand for digital learning tools
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2021
Oltre Impact
invested in
FABA
in 2022
in a Series A deal
Disclosed details
Transaction Size: $4M
Revenue: $3M