The pre-seed round was led by 468 Capital to fund product mass production and rollout.
"It is our core belief that we have overprotected children in the real world while under protecting them in the virtual world. KARRI is designed to help redress this imbalance by eliminating the need to give young children a smartphone. Parents are increasingly concerned about their children’s online safety and extensive screen time, yet they value the benefits of staying connected with them at all times in the real world. We’re excited that KARRI will allow children to roam free, explore, and gain independence while ensuring their safety and giving parents peace of mind. We aimed to make it as easy as possible for parents and children to stay in touch, so we have built a screen-free solution that is simple and reliable."
The pre-seed round was led by 468 Capital to fund team expansion and initial property purchases.
"The new generation of working professionals and creatives strives toward a flexible lifestyle, but also remains diligent about collecting a diverse range of investments. Real estate’s stability makes it indispensable to any well-balanced portfolio. What we love about Lilo is that it combines the best of both worlds – we’re absolutely thrilled to be part of this journey."
The Series B round was led by Lightspeed, 468 Capital, and BroadLight Capital, with backing from Formula One legend Lewis Hamilton.
"We’re on a long-term journey to build a technology-enabled supply chain that can deliver 1000s of products to 100s of millions of customers around the world faster and more sustainably than any other supply chain can today. With this new capital we will focus on achieving profitability in our existing markets as well as bringing Zapp to new customers globally."
