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Vertex Ventures leads $8m series A in SG kids tech firm myFirst

MyFirst, a Singapore-based maker of the myFirst Fone watchphone and myFirst Circle family app, said it has raised over US$8 million in a series A led by Vertex Ventures Southeast Asia & India to scale a kid-safe technology ecosystem.

The company said more than one million families across 60 countries use its products.

MyFirst said the funding will support its plans to expand devices, connected services, and a closed, ad-free social platform for children.

It said it aims to grow retail and telco partnerships in North Asia, the Middle East, the US, and Europe, naming Walmart and Best Buy as retail partners.

🔗 Source: myFirst

🧠 Food for thought

Implications, context, and why it matters.

MyFirst hardware feeds subscriptions and a closed network

  • The myFirst Fone pairs a device sale with an eSIM and plans starting at $5 per month, so revenue keeps coming in 1.
  • Those plans connect to myFirst Circle, a “kid-safe ecosystem” where photos and messages go only to parent-approved contacts, plus parental controls and encrypted sharing with approved contacts 1.
  • Animated “Momoji” and the “Knock-Knock” feature encourage kids to trade camera snapshots inside a private, ad-free network 1.
  • The design favors a lightweight fit for small wrists, even though competitors like Xiaomi sell watches with larger screens 2.

Parents want safety, while privacy and security concerns remain

  • Demand for kids smartwatches is rising, with one forecast pegging the market at $2.27 billion in 2025 3.
  • GPS tracking steers buying decisions, one market report puts it as the top factor for more than 68% of parents 4.
  • These devices can collect sensitive data such as location history and private messages, which raises privacy and security risks 5.
  • Growth in the US and Europe may hinge on calling and messaging. It may also hinge on GPS, safety zones, and an SOS button, plus proof the ecosystem stays secure.

Recent MyFirst developments

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