Zoobean, Inc. completed the placement of its $270,000 debt offering with three investors. It is the first installment of a $500,000 financing lead by Kapor Capital as announced by the company via press release. Kapor Capital is the investment arm of Kapor Center for Social Impact (formerly known as Mitchell Kapor Foundation). Kapor Capital invests in seed stage information technology companies which aspire to generate economic value and positive social impact.
Zoobean is an e-commerce bookstore geared toward children between the age of two and ten. The books are curated by a team of experts and cataloged by recommended age, relevant topics, characters’ backgrounds, and other tags that matter to families. The company offers a subscription service for $15 a month as well as direct sales.
The company, headquartered in Washington DC, was founded in June 2012 by Felix Brandon Lloyd and Jordan Lloyd Bookey.