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myFirst raised S$15M in a Pre-Series A funding round led by Lynx Asia Partners to expand to over 20,000 locations, including North America, for kid-friendly social media ecosystem and tech products

Apr 06, 2024over 1 year ago

Amount Raised

$15 Million

Round Type

series a

SingaporeEducation

Investors

Lynx Asia Partners

Description

Singapore’s myFirst Tech Holdings Pte Ltd has appointed SGX Mainboard-listed Fu Yu Corporation Limited as its exclusive contract manufacturer to propel a major North American expansion of its kid-safe digital platform. Fu Yu will provide a full suite of solutions to manufacture and assemble myFirst’s products, scaling up production supported by its Smart Factory in Tuas, including rapid prototyping, metal 3D printing, liquid silicone rubber injection moulding, and high-precision tool fabrication.

Company Information

Company

myFirst

Location

Singapore, Southeast Asia, Singapore

About

myFirst is the safe and suitable tech ecosystem for kids with fun devices, safe apps and connected services and a kids social platform, myFirst Circle, specially designed for kids, their friends and the family to stay connected. Devices include smartwatches, cameras, headphones, smart sketch boards, 3D pens and more to enable kids to do whatever grown-ups do with technology, but with safety and suitability for them. Connected services enable kids to message, voice note, video and voice call to stay connected. Kids can also take and share photos, set reminders, listen to music, track their steps and monitor their heart rate Parents can keep an eye on their kids' location and geo-fence with advanced GPS, WiFi and GSM for accurate positioning, and connect with them anytime. In case of emergency, an SOS button will alert parents. myFirst Circle is the safe call, messaging, location and social sharing ecosystem specially designed for kids, their friends and the family to stay connected. All the good from staying connected, with no ads, no strangers, only real connections.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech