# Enuma

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

- Industry: Software
- Headquarters: Berkeley, US
- Website: www.enuma.com
- Total disclosed funding: $17M
- Latest round: Series B (May 18, 2020)
- Investors on record: 15

## About

Enuma, Inc. develops innovative digital educational tools aimed at children with learning differences, fostering independent learning through interactive apps and programs.Founded in 2012 in Berkeley, US, Enuma, Inc. specializes in creating educational solutions for children with unique learning needs. The company has raised a total of KRW 2.5 billion, with its latest funding round occurring on February 14, 2022, supported by LG Uplus. Gunho Lee and Sooinn Lee are the founders, with Sooinn currently serving as CEO.Enuma provides a range of digital educational products tailored for children with learning differences. Their primary offerings, which include Todo Math, Todo English, and Todo Korean, have collectively achieved over 13 million downloads and cater to diverse users such as families, educators, and institutions in the US, South Korea, China, Japan, Indonesia, and refugee camps in Iraq and Tanzania. Enuma also features Todo One, a tablet-based program, and Enuma School, designed for educational institutions in developing countries, offering materials in Indonesian, Malay, and English.The company generates revenue through direct-to-consumer and B2B channels, primarily utilizing a subscription model for products like Todo Math and Todo English. Educational institutions can benefit from bulk pricing, allowing them to provide access to these digital learning tools. Enuma's partnerships with NGOs and government entities further enhance their outreach to underprivileged communities, although specific pricing details for their services are not publicly available.With the KRW 2.5 billion raised on February 14, 2022, Enuma plans to broaden its learning services by integrating digital content with image solutions while developing new offerings in coding and economic education. The company intends to explore new markets specifically targeting regions where educational support is most needed, although specific geographic regions are not detailed.

## Funding rounds

- Series B, May 18, 2020, $8.9M — Shinhan Asset Management, SKS, SK, Kakao Ventures, Yellow Dog, The HEAD Foundation
- Series A, Apr 10, 2018, $4M — DSC Investment, Yellow Dog, Holistic Growth Initiative, NX Venture Partner
- Series A, Feb 24, 2015, $4M — K9 Ventures, Kapor Capital, NewSchools Venture Fund, SBVA, Xueersi Group, D3 Jubilee Partners

## Investors

- K9 Ventures (https://capitalatlas.ai/funds/k9-ventures) — Series A
- Kapor Capital (https://capitalatlas.ai/funds/kapor-capital) — Series A
- NewSchools Venture Fund (https://capitalatlas.ai/funds/newschools-venture-fund) — Series A
- SBVA (https://capitalatlas.ai/funds/sbva) — Series A
- Xueersi Group — Series A
- D3 Jubilee Partners (https://capitalatlas.ai/funds/d3-jubilee-partners) — Series A
- DSC Investment (https://capitalatlas.ai/funds/dsc-investment) — Series A
- Yellow Dog — Series A, Series B
- Holistic Growth Initiative (https://capitalatlas.ai/funds/holistic-growth-initiative) — Series A
- NX Venture Partner — Series A
- Shinhan Asset Management (https://capitalatlas.ai/funds/shinhan-asset-management) — Series B
- SKS (https://capitalatlas.ai/funds/sks) — Series B
- SK — Series B
- Kakao Ventures (https://capitalatlas.ai/funds/kakao-ventures) — Series B
- The HEAD Foundation — Series B