PE-VC Fund Investments
Childcare solutions provider illumine raises $2.5 M led by Prime Venture Partners
Bengaluru- and Wilmington, Delaware (USA)-based childcare solutions provider illumine has raised USD 2.5 million in a seed funding round from Prime Venture Partners. It had previously raised USD 779,000 in the same round.The new funds will be used to accelerate its product development and international expansion.Founded in 2018 by Navneet Rastogi, Purva Goyal, and Sourabh Agarwal, illumine claims to address the hassles of outdated manual processes associated with childcare education through its vertical AI SaaS platform built specifically for the purpose. The startup claims that its platform has been used by more than 3,000 centres across 56 countries including the USA, the UAE, Southeast Asia, Europe, and India.
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