# Caribu

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/caribu

- Industry: Software
- Headquarters: Miami, US
- Website: www.caribu.com
- Total disclosed funding: $1.3M
- Latest round: Seed (Sep 14, 2018)
- Investors on record: 6

## About

Caribu Inc., based in the US, is an innovative EdTech platform that enhances family engagement by providing interactive reading and drawing experiences for children during video calls.Founded in 2016 in Miami, US, Caribu Inc. is a platform designed for interactive educational experiences for children. The company has received funding through two deals, with its most recent funding round being a Seed round in November 2022, raising USD 1.30 mn from investors including AT&T Capital and Miami Angels. The CEO of Caribu Inc. is Maxeme Tuchman, who co-founded the company along with Rodrigo Rojas.Caribu is an innovative EdTech platform that offers a unique interactive reading and drawing experience for children through video calls. The core product allows users to read books, draw pictures, and play games together in real-time, facilitating family engagement across distances. This service is designed to support families, particularly during times when physical interaction may be limited, by creating a shared virtual space for learning and creativity. Caribu focuses on serving Latinx families, particularly through initiatives such as partnerships with organizations like Teach For America and Hispanic Unity of Florida, which aim to enhance access to educational resources. The platform operates in various geographical markets, emphasizing outreach to Latinx communities across the United States.Caribu generates revenue primarily through subscription-based models, offering users access to a comprehensive library of interactive content. The company's pricing structure typically includes individual subscriptions for families that allow unlimited access to the platform's features, as well as potential partnerships with organizations to facilitate broader access for specific communities. Transactions are structured to accommodate direct-to-consumer sales, with families subscribing to access Caribu’s offerings. The company also engages in partnerships to distribute subscriptions, aiming to increase its user base and enhance educational opportunities for Latinx families. Caribu’s strategic initiatives, such as donating subscriptions, further highlight its commitment to community engagement while simultaneously driving awareness and usage of its services.In November 2022, Caribu Inc. was acquired by Mattel Inc. This acquisition will allow Caribu to integrate Mattel Inc.-owned content on its platform, enhancing its educational offerings. The company is focused on expanding its reach to additional markets, particularly targeting Latinx communities. The recent funding will support these initiatives as Caribu continues to develop new features and content aimed at enriching the user experience.

## Funding rounds

- Seed, Sep 14, 2018, $1.3M — AT&T Capital, Miami Angels, Nexus Ventures, InvestHER Ventures, Be Curious Partners, Rise of the Rest

## Investors

- AT&T Capital — Seed
- Miami Angels (https://capitalatlas.ai/funds/miami-angels) — Seed
- Nexus Ventures — Seed
- InvestHER Ventures (https://capitalatlas.ai/funds/investher-ventures) — Seed
- Be Curious Partners (https://capitalatlas.ai/funds/be-curious-partners) — Seed
- Rise of the Rest — Seed