FABA operates in the EduTech market by promoting the union of smart toys and editorial audio content dedicated to children. FABA has quickly become the brand of choice in the “educational entertainment” market thanks to its storyteller. Consisting of an audio speaker and more than 90 “sound characters” that work with NFC technology FABA has three revenue streams:

1.One time income for the device

2.Recurring income for sound characters

3.Additional accessories sale

SCENARIO

FABA was looking for new capital to further accelerate growth to reach 10 countries by 2024, enhance marketing campaigns, new product development, and new talent acquisition.

THE ADVISOR’S SUPPORT

GC acted as FABA’s exclusive advisor in structuring the Series A round. GC supported the Company in preparing the transaction documentation and, in particular, in negotiating with the identified investors.

INVESTORS AND PROCESS

The round was led by Oltre Impact, a leading Italian VC fund active in investments with a strong positive impact component, and CDP Venture Capital (Accellerator Fund). CDP’s EduTech Accellerator also participated in the round.