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xEdu Fall '16

3DBear raises over €1 million in seed funding

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3DBear raises over €1 million in seed funding

xEdu acceleration program graduate, Finnish edtech company 3DBear has raised over one million euros with US VC-backed financing. This is an unprecedented case for the Finnish edtech industry so far.

Investors are New York-based Rethink Education VC, a publicly listed media and publishing company Keski-Pohjanmaan Kirjapaino, chairman of the Board of Directors of Basware Hannu Vaajoensuu through his investment company, angel investor Tero Lehtonen and an edtech investor and founder Mitch Weisburgh. From current investors, Spinverse GroupGlyn EggarKaisa Olkkonen and Veli-Pekka Saarnivaara made additional investments.

"Our start in the US and this investment round would not have happened without the brilliance of xEdu and the personal effort of its CEO Antti Korhonen," — says Kristo Lehtonen, CEO of 3DBear. "The funding enables the scale-up of our R&D and implementation of our internationalization strategy.

Former Prime Minister of Finland and former Member of the Executive Board of Nokia, Mr. Esko Aho has started as an Advisor for 3DBear. He will help in expanding business abroad.

We invested in 3DBear because we recognized the demand for its product, the strength of the team and their execution ability”, says Vesa Pihlajamaa, CEO of Keski-Pohjanmaan Kirjapaino Oyj.

3DBear participated in xEdu Fall'16 acceleration program. The startup has also been co-developing its products in schools around Finland and US, as well as in KYKY-process by the city of Espoo, Finland and in national innovation initiatives funded by the Finnish National Agency for Education.
 

Kristo Lehtonen, CEO of 3DBear, will be sharing their startup story tomorrow, 30 November at XcitEd side-event of Slush 2017.  You can see him on stage at 17:45.

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xEdu pre-Summer alumni gathering

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xEdu pre-Summer alumni gathering

We had an amazing alumni gathering last Friday! Featuring delicious burgers made by chief Pekka Sivonen, spontaneous mightifying by Mervi Pänkäläinen & Esteve Pannetier and also an unforgettable song challenge from a birthday man - Antti Korhonen!

We are grateful to every single member of our big family for being with us! ❤️  

Also, we're eagerly excited to welcome new EdTech startups to join our friendly community of innovators! The application for Fall'17 program is open! 😊
 

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Seppo wins the GESS Education Award in Dubai

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Seppo wins the GESS Education Award in Dubai

xEdu Spring '16 program alumni Seppo, a learning game platform, wins the GESS Education Award in Dubai. The prestigious awards are annually handed to companies that have created innovative products in the educational field.

Seppo is tool that allows teachers to create a learning game in any physical environment, for example school yard, museum, city centre or shopping mall. It means getting students on their feet and moving while making learning a fun and motivating experience. Seppo was awarded the best Health and Fitness promoting innovation.

–I am very proud of the award, our whole team has worked extremely hard for it! There is currently a huge buzz in the EdTech field in Finland and Finnish startups have come up with some truly unique solutions to enhance traditional learning through technology, says Riku Alkio, the CEO of Seppo.

We are also happy that our partners from Kokoa Agency and Finnish EdTech team Claned Group also made it to the finals in their respective categories. 

It is noteworthy that graduates of xEdu Fall '16 program: EMMA.Math and Qridi also were representing Finnish EdTech scene and showcasing their products at the GESS event.

Picture credit: Twitter @Claned_

Picture credit: Twitter @Claned_

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