Lirvana Labs, a Menlo Park, CA-based creator of the Yeti Confetti Kids app, has raised $5.3 million in early-stage financing.
Investors
The round was led by Kapor Capital III, Transcend Capital Partners II, and Chingona Ventures.
Kapor Capital Fund III is a venture capital fund managed by Kapor Capital, located in Oakland, California.
Transcend Capital Credit Fund II is a credit special situations fund managed by Transcend Capital Advisors, situated in Madison, New Jersey.
Chingona Ventures is an early-stage venture capital firm based in Chicago, specializing in financial technology, female technology, food technology, and health/wellness at the pre-seed/seed stage.
Lirvana Labs Use of Funds
The company plans to utilize the funding to expand the Yeti Confetti Kids app, leveraging large language models (LLMs) and generative AI for personalized learning. Additionally, the funds will support efficacy studies with research institutions and strengthen partnerships with pilot schools and NGOs.
About Lirvana Labs
Founded by siblings Christie Pang and Clement Pang, Lirvana Labs specializes in educational technology, focusing on AI-powered learning applications for children. The company's flagship product, the Yeti Confetti Kids app, utilizes artificial intelligence (AI) and cognitive research to offer personalized learning experiences for preschool to elementary-grade children. Serving as a versatile educational companion, the app provides tailored learning content across various subjects and developmental domains. To date, the Yeti Confetti Kids app has delivered over 160,000 minutes of AI-piloted lessons to 15,000 children worldwide, featuring a tailored curriculum covering English, Math, Social Emotional, and Critical Thinking.
Funding Details
Company: Lirvana Labs, Inc.
Raised: $5.3M
Round: Unknown
Funding Month: April 2024
Lead Investors: Kapor Capital III, Transcend Capital Partners II, Chingona Ventures
Additional Investors:
Company Website: https://www.yeticonfettikids.com/
Software Category: Educational
Source: https://www.prnewswire.com/news-releases/lirvana-labs-raises-5-3m-to-bolster-its-flagship-yeti-confetti-kids-app-an-ai-learning-platform-for-children-302107290.html