Kark receives funding of undisclosed sum from Jakarta investment firm Ideosource

Kark Mobile Education, an incubatee at Singapore’s first ever JFDI-Innov8 Bootcamp, announced that they have received funding of an undisclosed sum from Ideosource, a Jakarta-based investment firm.

The startup, started by four Indonesians, is developing a series of education collectible card games that interact with companion mobile apps. The edutainment platform is targeted at kids 5-12 years old (see SGE’s feature of Kark).

The funding will go towards the development of those products.

“We are delighted to have this support, which gives us the ability to continue building our product after the bootcamp and reinforces what we have believed all along– that games have a great future in the educational industry,” says Bullitt Sesariza, founder and CTO of Kark.

“We will be unveiling our exciting new product aimed at the family education market shortly.”

Andi Surja Boediman, director at Ideosource, says: “Ideosource always invests in innovative products and companies,and we think Kark is a good innovation in the digital industry. That is why Ideosource is investing in Kark and will continously support Kark in many ways.”

Kark received their investment while in the midst of their 100-day JFDI-Innov8 2012 Bootcamp, a startup accelerator program. The company is the first among the 12 to receive external funding.

They may yet receive more, as the Bootcamp’s Demo Day is happening on 4th May, and will be attended by about a hundred investors from the region.

Wong Meng Weng, the co-founder of JFDI.Asia, says, “We’ve been impressed with Kark since we first met the team in Jakarta. This investment… is proof of the progress the startup has made since joining us in Singapore a couple of months ago.”

More coverage of JFDI-Innov8 Bootcamp. The Bootcamp is a technology startup accelerator program in Singapore (part of the Global Accelerator Network) where participants build a prototype within 100 days. Demo Day is on 4th May, 2012.