Children’s arts and crafts delivery service Kiwi Crate secured $5m in series A funding yesterday in a round led by Comcast Ventures, the corporate venturing fund belonging to cable and telecom corporation Comcast, following on from an October seed round that raised $2m. Also participating in the round were venture capital firms First Round Capital and Mayfield Fund, angel investment fund Felicis Ventures, investment firm Forerunner Ventures, marketing and investment consultancy Consigliere Brand Capital, seed stage fund Uj Ventures and startup accelerator 500 Startups. All were previously part of Kiwi crate’s seed round. Kiwi Crate operates a subscription service in which the company delivers an arts and crafts pack to parents each month containing materials, instructions and ideas for a range of children’s activities. The equity will be used to grow the company by expanding its product range and growing its community of subscribers. Michael Yang, managing director of Comcast Ventures and now a Kiwi Crate board member, said: "We are extremely excited about the Kiwi Crate vision, as well as the potential synergy with our media platform. As an investor and as a father, I believe the company is solving a real problem for busy parents. From day one, we’ve heard from parents and kids on how much they just love Kiwi Crate. We believe this opportunity is even bigger than we initially thought, so we jumped at the opportunity to lead the round."  

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