Dynepic said it raised $675,000 from Good Growth Capital, Black Lab Sports, Charleston Angel Partners and Techstars. The company, which completed the Techstars Boulder program, has now raised $1.5 million.
A press release follows:
Dynepic Completes Techstars Program with Funding to Bring Safe, Secure Connected Play to the Masses
Revolutionary platform that provides instant COPPA compliance for developers also gets backing from Good Growth Capital, Black Lab Sports, and Charleston Angel Partners
CHARLESTON, SC., June 19, 2018 – Dynepic, creator of playPORTAL, a groundbreaking platform that makes developing child privacy-certified and secure apps fast and easy, announced it has received $675,000 in a recent funding. The financing occurred with its completion of the Techstars Boulder program, a seed accelerator, designed to provide entrepreneurs with market exposure and access to financial resources. Participating in the oversubscribed round are Good Growth Capital, Black Lab Sports, Charleston Angel Partners, and Techstars. To date, Dynepic has raised $1.5M.
“Dynepic participated in the 2018 Techstars Boulder program and we were impressed with their team and the importance of their technology,” said Natty Zola, managing director of Techstars Boulder. “We believe that children should have safe access to the online world and have seen firsthand the ways in which playPORTAL is revolutionizing connected play. We couldn’t be more excited about Dynepic’s mission and the impact playPortal will have on millions of families.”
“We are honored to bring these well-respected investor groups into the Dynepic family to help us grow and influence the way families play and connect through technology,” said Krissa Watry, CEO and co-founder of Dynepic.
Dynepic will use the capital for marketing and engineering to expand its playPORTAL platform, and grow its developer community of innovators, toy makers, and brands that look to extend their connected products to Gen Z with personalized cutting-edge technology and play patterns.
Dynepic now offers playPORTAL platform software development kits (SDKs) backed by a kid-safe and secure family network. The solution allows developers to achieve instant COPPA- (Children’s Online Privacy Protection Act) compliance with the highest level of verifiable parental consent for their apps, games, and connected devices.
The platform addresses the complex issues surrounding COPPA compliance, which forbids most developer SDKs and APIs from use in child-specific apps without in-depth knowledge of privacy laws or parental consent. Failure to comply with COPPA guidelines can result in considerable fines and legal consequences. SDKs for iOS, Android, Unity, and Java Script are in closed beta and will be available later this Summer for public access.
“As a smart toy inventor, myself, I know all too well the challenges of trying to understand and meet the child privacy laws,” Watry explains. “There was no easy solution, so we decided to build one. Today, playPORTAL is the only child privacy-certified platform with the tools that help protect developers creating apps for kids under the age of 13.”
About Techstars Boulder:
Techstars is the worldwide network that helps entrepreneurs succeed. Techstars founders connect with other entrepreneurs, experts, mentors, alumni, investors, community leaders, and corporations to grow their companies. Techstars operates four divisions: Techstars Startup Programs, Techstars Mentorship-Driven Accelerator Programs, Techstars Corporate Innovation Partnerships, and the Techstars Venture Capital Fund. www.techstars.com
Launched in 2014, Dynepic, Inc. is the creator of playPORTAL, a secure platform that makes developing child privacy-certified apps fast and easy. With cross-platform Software Development Kits (SDKs) backed by a first-ever kid-safe family network, developers can now create apps with instant Children’s Online Privacy Protection Act (COPPA) compliance allowing game-developers, app-developers and toy-makers to focus on making amazing personalized and social connected products that include kids, while playPORTAL handles the data security and privacy compliance. playPORTAL is architected with Dynepic’s portable profile cloud data vault technology, ensuring users are in complete control of their and their kid’s personal information on the platform.