Closing the Startup Braga Acceleration Program, which brought together start-ups, early stage investors and angels, Caixa Capital announced KIDE as the most promising startup of the 2016 Edition.
KIDE connects discerning parents with a carefully curated community of independent children's fashion designers. Offering a fully integrated website and mobile app interface, KIDE allows customers to swipe and discover the best curated designers in baby and kid's fashion. All the items and designers within KIDE's community are carefully handpicked to provide its customers with a truly unique and exclusive shopping experience.
Having launched its web store in April 2016, with its iOS and Android apps expected to be launched in mid-June 2016, KIDE has already built up a community of over 20 independent designers and established key distribution partnerships in Ireland and the UK.
As winner of the Startup Braga Acceleration Program 2016 Edition, KIDE is assured €100k in investment from Caixa Capital, and will be eligible to compete for an additional €100k in financial support at the Caixa Empreender Award event to be held in February 2017.
Stephan Morais, Executive Board Member of Caixa Capital, declared that “The progress in the quality of the entrepreneurial ecosystem is remarkable and Startup Braga has significantly contributed with a considerable number of startups with great potential for growth. Congratulations to KIDE, who will become part of Caixa Capital's growing family of early stage portfolio of companies”.
Nuno Pinto, CEO of KIDE stated that “We are proud to have been selected as the winner of 2016 Edition of the Startup Braga Acceleration Program and look forward to working with Caixa Capital to help scale our business and in accessing other entrepreneurs in their portfolio and their unique network of international investors”.
Caixa Capital – www.caixacapital.pt
Caixa Capital is the Private Equity and Venture Capital fund management company of Portugal´s largest banking group Caixa Geral de Depósitos, present in over 20 countries and with assets above 120 billion Euros. Caixa Capital is a pioneering operator in the Portuguese market, with 500 million Euros under management and a total potential capital of 700 million euros for its managed funds. Caixa Capital invests in growth equity and venture capital opportunities and funds. The Venture Capital team partners with incubators, accelerators and business angels for seed and startup investments and with major international venture funds for opportunities above 1 million Euros. The team aims to support global expansion of Portugal related teams and companies and has dedicated team members to ICT, digital, health tech, engineering and cleantech investments.
Startup-Braga - www.investbraga.com/startup/
Startup Braga is an innovation hub designed to assist the inception and development of high potential entrepreneurial projects for international markets, in partnership with Microsoft Ventures. Braga is the third-largest city in Portugal, after Lisbon and OPorto, and has high standards of quality of life based on location and infrastructures. Braga is a technological hotbed, where many international well succeeded startups have emerged and home of a renowned University (University of Minho) and of the International Iberian Nanotechnology Laboratory (INL) - a leading international research center.