As Poslovni Dnevnik/Josipa Ban writes, the social impact VC fund Feelsgood has invested an impressiv e 600 thousand euros in the Croatian VIDI-TO company, marking the ninth investment of the fund, which has been operating for one year and a half and whose value is 30 million euros. Its main mission is to invest in startups that have a positive impact on society and the environment.
The Croatian VIDI-TO company will as such invest this fresh sum of 600,000 euros into the development and global sale of tools that connect children and teachers in the transmission and acquisition of knowledge. In particular, they produced the VIDI X tool for learning STEM skills, which is already available in sixty schools across the Republic of Croatia, and to which more than 24 thousand students have access to.
The Croatian VIDI-TO compant says that public schools from across the pond in the USA, as well as the educational systems of the United Arab Emirates (UAE), Singapore, Argentina and much closer to home in Germany are also very interested in this tool and its new adapted versions.
“With this investment, our employees, our external collaborators and our development teams will all receive in a strong platform on which we can together make original strides in the development of new high-tech services through VIDI, as well as products that we can be very proud of,” says Tomislav Kotnik, the founder and CEO the Croatian VIDI-TO company.
Renata Brkic, a partner from the Feelsgood fund, added that they’re more than happy that they have made another significant investment in a domestic company that works very hard to ensure it makes a measurable positive social impact. “Our investment will certainly help VIDI-TO make significant strides in the education sector, both in Croatia and globally,” she points out, noting that in the year and a half that they have been operating, they have talked to about 400 teams who have presented their projects to them. Feelsgood normally invests in Croatian and Slovenian startups. BiteMe Nutrition, Juicefast, BE-ON are examples of companies in which this fund has invested.
For more, make sure to check out our dedicated business section.