– USA, ID – Lovevery, the award-winning early learning company, today announced the closing of a $20M Series B round to support continued playtime product R&D alongside the creation of new digital capabilities to support parents.
“We have been impressed by how Lovevery combines product obsession with its vision to improve families’ lives through more meaningful play,” said Jason Stoffer of Maveron, who led the Series B round. “At a time when parents and children face more distractions that keep them from connecting and learning together, families look to Lovevery for help. The result is fast growth and major customer love.”
Investors in this round include Maveron, GV, Reach Capital, the Chan Zuckerberg Initiative, and Collaborative Fund. Jason Stoffer and Cat Lee of Maveron join Lovevery’s board in director and observer roles, respectively. Laura Melahn of GV also joins as a board observer.
“Our subscriber base has grown more than 10X in the past year, and as we have reached critical mass, the parents we serve have been asking for new ways to connect with Lovevery and with each other,” said Lovevery cofounder and President Roderick Morris. “The unique blend of consumer and technology expertise our investors bring to Lovevery is well aligned with our vision of a holistic support system for parents that spans products, information, and community in a transformative way.”
About Lovevery
Founded by Jessica Rolph and Roderick Morris, Lovevery’s early learning platform for stage-based play helps parents everywhere feel confident they are giving their children the best resources they can. Lovevery’s stage-based information and play products are designed by child development experts and have won awards from TIME Magazine, Fast Company, Red Dot, and Parents’ Choice.
For more information: https://lovevery.com
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