Breyer and Index in $28m series-B for Kano

Index Ventures, Stanford Engineering Venture Fund, LocalGlobe, Marc Benioff, John Makinson, Collaborative Fund, Triple Point Capital and Barclays also took part in the round.

The fresh capital will enable the company to fund the roll-out of its products across the north American market. The launch has also seen the business agree distribution contracts with Best Buy, Target, Walmart, Microsoft Stores, Jet.com and The Source.

Previous funding
Kano first received venture backing in December 2013, when Index Ventures led a $1.4m funding round for the business.

Breyer Capital then led a $15m series-A round for the company in May 2015. Collaborative Fund and former Goldman Sachs chairperson Jim O'Neill also took part in the funding round.

Company
Founded in 2013, London-headquartered Kano produces computer kits designed to be used by children as young as six. Its kits include both device building and coding resources. The business has pre-existing distribution deals with Amazon, Barnes & Noble, Indigo and Toys R Us.

People
Breyer Capital – Jim Breyer (founder, CEO).
Index Ventures – Danny Rimer (general partner).
Kano – Alex Klein (co-founder, CEO); Saul Klein, Yonatan Raz-Fridman (co-founders).

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• Topics
• Expansion
• UK / Ireland
• Technology
• United Kingdom
• Index Ventures
• Venture