# Pearachute

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

- Industry: Internet
- Headquarters: Chicago, US
- Website: www.pearachutekids.com
- Total disclosed funding: $1.2M
- Latest round: Seed (May 12, 2017)
- Investors on record: 4

## About

Pearachute Inc. is an innovative company focused on providing educational resources and developmental products for young children, supporting their learning through engaging tools designed for families and educational institutions.Founded in 2016, Pearachute Inc. is based in Chicago, US, and specializes in offering various products that promote child development. The company was established by Desiree Wrigley, who also serves as the CEO, having a background in the educational sector. Pearachute Inc. has raised a total of USD 1.2 mn through funding rounds, with the most recent deal occurring on March 5, 2019, involving USD 1.2 mn in venture funding from unspecified investors. Over its history, the company has successfully completed 5 deals.Pearachute offers a diverse array of products aimed at enhancing child development and supporting educational resources. The company’s core offerings include interactive learning tools, such as educational toys, books, and digital applications, which are designed to foster cognitive, motor, and social skills in early childhood. Its client base consists of parents, preschools, and daycare centers across North America, Europe, and parts of Asia, with a focus on age-appropriate learning experiences that align with early childhood education standards.The revenue model of Pearachute Inc. is primarily driven by direct-to-consumer sales along with partnerships with educational institutions and retailers. Customers can purchase educational products through the company's e-commerce platform or via retail partners. The company offers various pricing plans for individual consumers and institutional clients, including options for bulk purchasing and subscription services for digital products. Key offerings involve flagship educational toys and proprietary learning applications that are strategically priced to reflect their unique contribution to child development.Pearachute Inc. is focused on expanding its product line and enhancing its market presence. The company is in the process of designing new educational products aimed at further supporting child development, with anticipated launches in the upcoming year. Additionally, Pearachute plans to target new geographic markets, specifically aiming to expand into Europe and Asia by 2022. The recent funding of USD 1.2 mn will be utilized to support these initiatives, including product development and market entry strategies.

## Funding rounds

- Seed, May 12, 2017 — Bulldog Innovation Group
- Seed, Feb 11, 2016, $1.2M — Chicago Ventures, Hyde Park Venture Partners, Corazon Capital, Bulldog Innovation Group

## Investors

- Chicago Ventures (https://capitalatlas.ai/funds/chicago-ventures) — Seed
- Hyde Park Venture Partners (https://capitalatlas.ai/funds/hyde-park-venture-partners) — Seed
- Corazon Capital (https://capitalatlas.ai/funds/corazon-capital) — Seed
- Bulldog Innovation Group (https://capitalatlas.ai/funds/bulldog-innovation-group) — Seed