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Tuesday, January 29, 2013
Pluto Media Nabs $500K From OpenFeint, Webvan Co-founder & Others To Create An Educational Gaming Platform For Kids
Another day, another vote of investor confidence for educational gaming. Today, Pluto Media, the Menlo Park-based maker of educational, tablet-based games for kids, announced that it has raised $500K in seed funding from Learn Capital's Rob Hutter, along with individual investments from NewSchools Venture Fund's Jennifer Carolan and Peter Relan, the co-founder of OpenFeint, WebVan, Crowdstar and YouWeb. The follow-on seed financing adds to the $500K the startup raised from former Accel partner Abhay Parekh and Silver Lake's Dave Roux in December 2011, bringing its total funding to $1 million.
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