Cypriot startup Heroes Made receives €300,000 follow-on investment

The Kinisis Ventures (KV) Fund I and Host Trust, the investment vehicle of the Kulik family, long-time partners of MGD Heroes Made, on Monday announced that they are making a follow-on investment of €300,000 in the Heroes Made seed funding round this week.

Heroes Made is an EdTech software as a service (SaaS) platform that delivers engaging, interactive, ready-made lessons for teachers, educators and counsellors to use in their classrooms.

According to a relevant announcement, the company’s immediate focus is content specific to Social Emotional Learning (SEL) elementary-level curriculums.

“This strategic €300,000 capital infusion will further fuel our incredible momentum, including our entry into the USA, which is planned for the second quarter this year, in partnership with New Jersey and New York schools,” the founder and CEO Maria Howard said.

For the last six months, the Heroes Made platform has been in a full–blown pilot in private schools here in Cyprus.

“Working with these incredibly innovative schools and their teams allowed us to evolve, fine-tune, and test our platform with teachers and students in live settings,” Maria added.

“The valuable feedback, performance data, and new ideas that we gathered have enabled us to enhance and refine our platform for schools and prepare us to enter new markets such as the USA,” cofounder George Tziazas said.

Heroes Made is currently in discussions with national edtech strategic partners in the USA and SaaS distributors as part of its expansion strategy. These partners will play a critical role in helping the company scale its international sales strategy.

“According to a report by Markets, the global market for education technology is expected to reach $398 billion by 2030. The market is growing rapidly, and SEL tools and applications will eventually become  classroom and household imperatives. Furthermore, there has been a significant increase in investment in SEL-related companies in recent years,” KV Fund Investment Advisory Committee member Chris Droussiotis said.

“And we are excited with what lays ahead for our Heroes Made team,” Chris added.

Overall, it is expected that the demand for SEL instruction in schools will continue to grow in the coming years. Schools and educators are now prioritizing SEL as an essential component of education to support the well-being and success of students.