Citi Ventures participated in the first non-crowdfunded equity round to be disclosed by the kids' finance management app developer.

Gohenry, the US-based operator of an online financial educational service for children, raised $40m yesterday from investors including Citi Ventures, the corporate venturing arm of financial services group Citi.

Growth equity firm Edison Partners led the round, which also featured growth equity fund Gaia Capital Partners and seed-stage venture capital fund Muse Capital.

Founded in the UK in 2012, Gohenry combines a mobile app with a personalised debit card from partner Mastercard that helps users aged six to 18 learn…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.